TechFlow reported on October 23, citing Decrypt, that bipartisan lawmakers in the U.S. Congress recently expressed optimism about passing significant cryptocurrency legislation by year-end. French Hill, Vice Chairman of the House Committee on Financial Services, stated during DC Fintech Week that the FIT21 (the crypto regulatory framework bill) and the stablecoin bill could be considered between the November presidential election and the end of the year.
Senator Kirsten Gillibrand echoed similar views, emphasizing that with several pro-crypto lawmakers—including House Financial Services Committee Chairman Patrick McHenry—preparing to depart, there may be sufficient will in December to push related bills through.
House Majority Whip Tom Emmer previously proposed attaching key crypto provisions to must-pass year-end legislation such as the National Defense Authorization Act (NDAA). Hill noted this offers Chairman McHenry an opportunity to include financial services priorities in the NDAA. Should efforts fail this year, Hill stressed that privacy, stablecoins, and the FIT21 regulatory framework would become top priorities for the 119th Congress.
