The U.S. crypto industry is buzzing with optimism. Representative French Hill is leading the charge for crypto regulation, promising big changes in the first 100 days of the next legislative session. With a pro-crypto agenda, lawmakers are gearing up to address long-standing regulatory uncertainties. Here’s what’s happening in the world of digital assets.
French Hill’s Focus on Crypto Regulation
French Hill has made it clear: crypto regulation is his top priority. As the new chair of the House Financial Services Committee, Hill wants to fix the chaos in the U.S. crypto space. He’s working with House Majority Leader Steve Scalise to create a comprehensive market structure bill. Hill believes that the current approach under SEC leadership isn’t working. He says, “We don’t have rules of the road, just regulation by enforcement.”
This new bill will give digital asset innovators clear guidance. It will also help the U.S. compete globally, instead of driving crypto firms offshore. Lawmakers like Hill see crypto regulation as the key to unlocking blockchain innovation and Web3 advancements.
Trump and the SEC Shake-Up
Donald Trump is making waves in the crypto industry, too. The President-elect plans to shift crypto oversight from the SEC to the Commodities Futures Trading Commission (CFTC). This move could classify many digital assets as commodities, a win for crypto advocates.
Trump has also nominated Paul Atkins, a known crypto supporter, to lead the SEC. Atkins’ experience with digital asset policy is raising hopes for a friendlier regulatory environment. For the first time in years, lawmakers and crypto fans alike are feeling optimistic about the future.
Crypto Regulation Tops the Agenda
Hill’s crypto regulation plans go beyond market structure. Stablecoins are also on his radar. He’s working to ensure stablecoin issuers have clear rules to follow. Plus, Hill wants to investigate “Operation Chokepoint 2.0,” a practice critics claim unfairly debanks crypto businesses. His goal is to create fairness, transparency, and trust in the financial system.
The crypto industry has been waiting for a leader like Hill. Industry groups like the Blockchain Association are cheering on his efforts. Hill’s focus on crypto regulation could finally provide the clarity needed for businesses to grow and innovate.
A Brighter Future for U.S. Crypto
The push for crypto regulation isn’t just about rules. It’s about building a better future for the U.S. crypto industry. French Hill and other lawmakers are laying the foundation for a stable, transparent digital asset market.
With Trump’s leadership and Hill’s ambitious agenda, the stage is set for significant changes. The U.S. crypto industry is ready to move forward, innovate, and thrive in a well-regulated environment. The countdown has begun for the first 100 days. Let’s see where this journey takes us.