The U.S. House Committee on Financial Services released highlights from Chairman French Hill’s CBS Face the Nation appearance ahead of the House’s planned ‘Crypto Week’, when the full U.S. House of Representatives is expected to vote on the CLARITY Act, the GENIUS Act and the Anti-CBDC Surveillance State Act. Hill framed the CLARITY Act as establishing ‘rules of the road’ for digital assets, including delineating what is a commodity versus a security and setting expectations for how digital assets are used, stored and custodied, in contrast to what he described as ‘rules by enforcement’. He also pointed to Senate work on the GENIUS Act to create a dollar-backed stablecoin and said prior House work has influenced that effort. The committee noted it has advanced these issues through committee action, including reporting the CLARITY Act to the House by a 32-19 vote (with the House Agriculture Committee reporting it 47-6) and previously reporting the STABLE Act (32-17) and the Anti-CBDC Surveillance State Act (27-22), alongside hearings, roundtables and discussion drafts on digital asset market structure and payment stablecoins.
U.S. Financial Services Committee 2025-07-13
U.S. House Committee on Financial Services previews Crypto Week floor votes on the CLARITY Act, GENIUS Act and Anti-CBDC Surveillance State Act
The U.S. House Committee on Financial Services highlighted Chairman French Hill's remarks on upcoming votes for the CLARITY Act, GENIUS Act, and Anti-CBDC Surveillance State Act during 'Crypto Week'. Hill emphasized the CLARITY Act's role in defining digital asset regulations and noted Senate efforts on the GENIUS Act for a dollar-backed stablecoin. The committee advanced these issues through votes and discussions, including a 32-19 vote on the CLARITY Act.