French Hill Says SEC and CFTC Crypto Rules Still Need Congress

By Isaac • October 7, 2026 7:13 pm •

Washington’s crypto regulators are moving, but French Hill says they still cannot finish the job Congress left undone.

The House Financial Services Committee chairman argued that recent action from the Securities and Exchange Commission and Commodity Futures Trading Commission is no substitute for a permanent market-structure law. In an interview summarized by Decrypt, Hill credited both agencies for using their existing authority while warning that the resulting framework remains fragile.

That is the core fight now. Regulators can define terms, grant exemptions and write rules.

A future administration can reverse course, and courts can narrow what agencies are allowed to do. A statute is harder to unwind.

Hill’s concern is that the agency-built pieces remain vulnerable