U.S. Representative French Hill, chair of the House digital assets subcommittee, expressed optimism regarding the progression of two significant crypto bills in Congress before the year's end. During a virtual event at DC Fintech Week, Hill stated the importance of assessing potential outcomes in the current lame-duck period following upcoming elections. The two bills, FIT21—focused on a regulatory framework for digital assets—and a measure for stablecoin regulations, have faced delays but remain focal points for potential legislative action. FIT21 aims to grant regulatory oversight to the Commodity Futures Trading Commission, while the stablecoin legislation seeks a comprehensive framework beyond state laws. Hill noted that any progress hinges on passing other key legislation, including the National Defense Authorization Act (NDAA). Following elections on November 5, where all House seats and 34 Senate seats will be contested, the outcome is likely to influence crypto legislation priorities moving forward.

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