CoinDesk Podcast Network Why Chairman Hill Believes Stablecoins Need the Clarity Act to Truly Thrive
Dec 29, 2025
French Hill, U.S. Representative and Chair of the House Financial Services Committee, shares insights on his significant legislative achievements in 2025. He emphasizes the crucial role of the Clarity Act for the success of stablecoins, likening it to essential market infrastructure. Hill discusses the implications of 'Operation Choke Point 2.0,' revealing systemic challenges facing the crypto sector. He also critiques the misconception that crypto regulations favor the wealthy, advocating for fair and practical enforcement instead.
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2025 Was A Legislative Turning Point
- French Hill says 2025 reversed restrictive SEC policies and passed major digital-asset laws quickly.
- He credits bipartisan cooperation and rapid legislative prioritization for that progress.
Stablecoins Improve Payments And Dollar Reach
- Hill says dollar-backed stablecoins add programmable, auditable payments and improved cash management for banks.
- He believes they offer cross-border efficiency and support the dollar's role in global payments.
Don't Authorize Stablecoins Without Market Rules
- Do not pass stablecoin authorization without market-structure rules, Hill warns, because the ecosystem needs clear definitions.
- He compares stablecoin law without market structure to a cell phone with no network.