Congressman French Hill wants a deadline.
A year after the House passed the Digital Asset Market Transparency Act, the Arkansas Republican who chairs the House Financial Services Committee used an interview with Fox Business anchor Maria Bartiromo to pressure Senate leadership to hold a floor vote before recessing in August.
“I have encouraged the Senate leadership to consider this bill,” Hill said. “If we set a floor date here in July, I think we’ll have a final meeting, a final debate. We need a deadline in Congress to mobilize people and get agreement.”
Hill thanked Sens. Kirsten Gillibrand, Cynthia Lummis, John Boozman and Tim Scott for their efforts to reach a deal, and listed the 78 Democrats who supported the House bill a year ago.
Hill’s central argument is that the CLARITY Act would address, rather than exacerbate, the ethical concerns currently being used to block it.
Critics have pointed to Trump’s crypto ventures, including the licensing of the $TRUMP meme coin and the World Liberty Financial token sale, which a July 1 financial disclosure tied to revenue of about $1.4 billion in 2025.
Hill argues that the market framework provides the transparency that critics desire.
“If we passed the CLARITY Act last summer, a lot of the things that people have expressed concerns about, like meme coin issuance, co-investment, exchange use, exchange investment, etc., would be clearly placed under a market regulatory framework, not just a joke, and it would provide a lot of transparency for people concerned about the Trump family’s investments,” he said.
Clarity Act is paired with GENIUS Act
Hill framed the bill as the missing half of a companion system to the GENIUS Act, the stablecoin law enacted last year.
“Stablecoins are like mobile phones that are not connected to a cellular network, and the market framework is actually that network that we need,” he said. To continue the pressure, Hill is planning a field hearing in New York next week to make the market structure case, led by Rep. Brian Still, chairman of the digital assets subcommittee.
His push garnered support from two other voices who also appeared on Bartiromo. CFTC Chairman Michael Selig warned of a “departure of duty beyond what is really important here,” and warned that the stalled bill would leave regulation to regulators.
Coinbase Vice Chairman Ryan Vangrach, a former SEC official, said the bill is “on the one-yard line” and that senators from both parties are “working around the clock to get it across the finish line.”
The Senate will return to session on July 13, with about three weeks remaining before recess. Prediction Market Polymarket Price Clarity Act of 2026 Passage was at nearly 39%, down from 74% the previous month.
