Rep. French Hill wants a deadline.
A year after the House passed the Digital Asset Market CLARITY Act, the Arkansas Republican, who chairs the House Financial Services Committee, used a Fox Business interview with anchor Maria Bartiromo to push Senate leaders for a vote before the August recess.
“I have encouraged Senate leadership to put it on the floor,” Hill said. “I think if you schedule a floor date here in the month of July, it will get these final meetings, these final discussions to take place. You have to have a deadline in Congress to get people moving and find consensus.”
Hill thanked Senators Kirsten Gillibrand, Cynthia Lummis, John Boozman and Tim Scott for working toward a deal and pointed to the 78 Democrats who supported the House measure a year ago.
Hill’s central argument is that the CLARITY Act would address rather than deepen the ethical concerns now used to block it.
Critics point to President Trump’s crypto ventures, including $TRUMP meme coin licenses and the World Liberty Financial token sale, which a July 1 financial disclosure pegged at about $1.4 billion in 2025 revenue.
Hill argues that a market framework provides the transparency that critics want.
“If we passed the CLARITY Act last summer, a lot of the things that people are expressing concern about — meme coin issuance, co-investment, using exchanges, investing in exchanges — all of that would be under a market framework with regulation with clarity, no pun intended, and that would provide a lot of transparency to people who are concerned about the Trump family’s investments,” he said.
The Clarity Act pairs with the GENIUS Act
Hill framed the bill as the missing half of a system that pairs it with the GENIUS Act, the stablecoin law passed last year.
“Stablecoin is like a cell phone that’s not connected to a cell phone network,” he said, “and the market framework is actually the network we need.” To keep up the pressure, Hill is planning a field hearing in New York next week, led by the chairman of the Subcommittee on Digital Assets, Rep. Bryan Steil, to argue for a market structure.
His push received support from two other voices in the same Bartiromo appearance. CFTC Chairman Michael Selig warned of “mission creep beyond what’s really critical here” and cautioned that a stalled bill leaves regulations up to regulators.
Coinbase Vice Chairman Ryan VanGrack, a former SEC official, described the measure as “at the one-yard line,” with senators from both parties “working around the clock to get this across the finish line.”
The Senate returns on July 13 with about three weeks before recess. Prediction market Polymarket prices Clarity Act 2026 passage almost 39%, down from the previous month’s 74%.