Representative French Hill, who chairs a House Finance panel, says the steps the SEC and the CFTC have taken on crypto do not match what the CLARITY bill would do. In his view, those regulator actions fall short of the bill. Cointelegraph reported his comments on October 7, 2026.
Hill wants Congress to pass a crypto market structure bill before its next session begins in 2027. His point is that action by the two agencies is not a substitute for a law passed by Congress.
The report does not say which SEC or CFTC actions Hill was talking about, or exactly where he thinks they fall short. It also gives no vote date, no count of supporters and no list of changes to the bill. For now, he has stated a goal, and no law has passed.
For anyone already holding a perpetual position on Bitget, Bybit, MEXC or OKX, this changes nothing directly. No rule has changed, no bill has passed, and nothing in the report points to new funding rates, fees or liquidity conditions on these venues. If a market structure law does pass, its effect on perpetual costs will depend on wording that has not been published.
Source: cointelegraph — House Finance panel chair says regulator actions on crypto ‘fall short’ of CLARITY bill