U.S. House Committee on Financial Services Chairman Hill previews Crypto Week House votes on the CLARITY Act, GENIUS Act and Anti-CBDC Surveillance State Act

The U.S. House Committee on Financial Services released excerpts from Chairman French Hill’s appearance on the Thinking Crypto podcast, outlining the House’s upcoming “Crypto Week” agenda and the digital-asset bills scheduled for a full House vote. Hill flagged three measures: the CLARITY Act on crypto market structure, the GENIUS Act on dollar-backed payment stablecoins, and the Anti-CBDC Surveillance State Act. Hill described the CLARITY Act as the House’s latest market structure draft, building on the Financial Innovation and Technology for the 21st Century Act passed in the prior Congress, and said it has been debated in the House since 2023. He characterised the GENIUS Act as a bipartisan Senate-originated framework for dollar-backed payment stablecoins and argued that such stablecoins would be backed by short-dated US Treasuries. On central bank digital currencies, he framed Whip Tom Emmer’s bill as reinforcing that Congress must authorise the executive branch and the Federal Reserve to design and implement a consumer CBDC, citing privacy concerns. Hill indicated that after a House vote, the CLARITY Act would move to the Senate, where he expects senators including Tim Scott, Cynthia Lummis, Kirsten Gillibrand and Bill Hagerty to advance market structure proposals.