United States Representative French Hill, head of the House digital assets subcommittee, remains hopeful that two significant crypto bills can advance in Congress before the year ends. Hill expressed optimism during DC Fintech Week, emphasizing the importance of the upcoming lame-duck session post-election. The bills aim to enhance regulatory control for cryptocurrencies under the Commodity Futures Trading Commission and establish a framework for stablecoins. Despite the House's approval of the Financial Innovation and Technology for the 21st Century Act, progress has stalled in the Senate. Hill noted that the outcome of the upcoming elections will influence the direction of these bills. Additionally, CFTC Chair Rostin Behnam and Tether CEO Paolo Ardoino shared their perspectives on the current regulatory landscape and the need for sensible crypto regulations. As the US election approaches, the future of crypto legislation remains uncertain. Read more AI-generated news on: https://app.chaingpt.org/news