The Block19 minutes ago

Published on January 29, 2024 22:44 GMT+00:00edited on January 29, 2024 22:44 GMT+00:00

Top Republican Rep. French Hill said he is feeling optimistic about the prospects of a bill to regulate stablecoins and another focused on market structure in 2024. He's also open to hearing views from top Democrats about illicit finance. 

The Arkansas Republican spoke about the Clarity for Payment Stablecoins Act and the Financial Innovation and Technology for the 21st Century Act, both of which advanced out of the House Financial Services Committee last year, during an event on Monday hosted by the Foundation for Defense Democracies. 

"I still am optimistic that you'll see those bills come to fruition during 2024," Hill said during a panel discussion. "I've been very pleased with every meeting I've been in, both bipartisan as well as in the administration on those, but …