French Hill Presses Senate on Crypto Legislation After White House Report

U.S. House Financial Services Committee Chairman French Hill (R-AR) has called on the Senate to move swiftly on key digital asset legislation following the release of the White House’s long-awaited digital assets report on July 30, 2025. In a statement, Hill emphasized the importance of advancing the CLARITY Act, which passed with bipartisan support in the House, and urged Senate leaders to work toward sending the bill to President Trump’s desk for signature. He also highlighted the Working Group’s endorsement of the CLARITY Act, signaling optimism about potential collaboration with the Trump administration to realize the President’s vision for the crypto industry [1].

The White House report, titled “Strengthening American Leadership in Digital Financial Technology,” outlines a roadmap for the U.S. to become a global leader in digital assets. The document emphasizes the need for balanced regulatory frameworks that support innovation while ensuring security for investors. It also advocates for the adoption of decentralized finance (DeFi) solutions, suggesting that such measures can enhance the U.S.’s competitive edge in the evolving global crypto landscape [1].

Hill’s call for legislative action comes amid a broader push by the Trump administration to solidify the U.S. position in the digital asset space. The report was released under the guidance of the President’s Working Group on Digital Asset Markets, which was established by an executive order issued in January 2025. The timing of the report coincides with ongoing political discussions around crypto policy, with both parties showing increased engagement on the issue despite earlier divisions [1].

The CLARITY Act and the recently passed GENIUS Act have received significant bipartisan support, marking a rare moment of consensus in the politically polarized environment. These legislative efforts aim to provide clarity for crypto developers, investors, and institutions by defining regulatory parameters and reducing uncertainty in the market. This development suggests a growing recognition among lawmakers of the economic potential of digital assets and the need for a coherent legal framework to support their growth [1].

Meanwhile, the House Financial Services Committee marked the week of July 14 as “Crypto Week,” while committee member Maxine Waters (D-CA) launched a contrasting campaign, labeling it “Anti-Crypto Corruption Week.” This divergence reflects the broader debate over how to regulate the crypto space and the potential risks associated with its rapid development [1].

Source: [1] [Chairman French Hill Urges Senate To Pass Crypto Market Legislation Following White House Report](https://cryptonews.com/news/french-hill-urges-senate-pass-crypto-market-legislation/)