Press Releases

Today, the U.S. House of Representatives passed the CLARITY Act, GENIUS Act, and Anti-CBDC Surveillance State Act. House Committee on Financial Services Chairman French Hill (AR-02) issued the following statements: 

On the CLARITY Act, which passed 294 to 134: “Today, the House passed landmark legislation that establishes clear rules of the road by creating a functional regulatory framework for digital assets,” said Chairman Hill. “This is the pivotal moment for American innovation and a critical step forward in protecting consumers and investors alike. I thank Majority Whip Tom Emmer, House Agriculture Committee Chairman Thompson, Chairmen Steil and Johnson, and all members who joined me in leading these efforts for digital assets over the years. Our work does not stop here, and I look forward to continuing to work with President Trump and partner with my colleagues in the Senate to enact the CLARITY Act.”

On the GENIUS Act, which passed 308 to 122: “Our years of diligent work in Congress to bring clarity to payment stablecoins has reached a historic turning point. President Trump called on Congress to send him landmark legislation to his desk by August and we have delivered,” added Chairman Hill. “I commend my colleagues, Senate Banking Chairman Tim Scott, Senators Bill Hagerty and Cynthia Lummis, on their leadership and in crafting a strong bipartisan partnership for guiding this legislation across the finish line. I look forward to President Trump signing GENIUS into law in short order and working with our regulators on implementing this important bill to establish U.S. leadership in this space.”