French Hill, Chair of the U.S. House Financial Services Committee, highlighted the potential of the CLARITY Act to address regulatory gaps not covered by the GENIUS Act. In a recent interview, Hill emphasized ongoing concerns within the banking industry regarding the future regulation of cryptocurrency companies. The CLARITY Act, passed last summer with bipartisan support, aims to establish a clearer regulatory framework for digital assets, including stablecoins, within U.S. financial markets. Hill noted that a consensus has been reached on a key issue: stablecoins should not offer yields to holders, a central topic in discussions about the GENIUS Act. The debate continues on whether crypto companies should face the same regulatory scrutiny as traditional banks, as Washington seeks to refine its approach to digital asset regulation.