CoinDesk Podcast Network How Congress Is Approaching Digital Asset Legislation: In Conversation With French Hill | Consensus 2025 Highlights
May 27, 2025
Rep. French Hill discusses the evolving landscape of digital asset legislation, including details about the draft market structure bill and stablecoin regulations. He emphasizes the importance of bipartisan cooperation in shaping these laws. The conversation highlights challenges lawmakers face, such as addressing the anti-CBDC Act and fostering innovation while preventing government overreach. With insights from recent conferences, the dialogue underscores the need for clear regulations to support both competition and safety in the digital finance sector.
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Bipartisan Support for Stablecoins
- Bipartisan consensus is forming around a dollar-backed stablecoin authorized under U.S. law.
- Stablecoin and market structure bills must work in tandem for effective crypto regulation.
Congress Controls CBDC Issuance
- Congress insists on having authority over any Fed-issued central bank digital currency (CBDC).
- This legislative stance is bipartisan and seeks to prevent unauthorized CBDC issuance.
Law to Foster Competition in Stablecoins
- Legislation promotes broad competition with both bank and non-bank issuers on equal regulatory footing.
- This decentralizes finance and boosts innovation beyond traditional corporate networks.