U.S. Representative French Hill (프렌치 힐), chairman of the House Financial Services Committee, urged the Senate to put the digital asset market structure bill known as the “Clarity Act” to a vote in July.

On July 10, local time, blockchain outlet Bitcoin Magazine reported that Hill said a deal could be reached only if lawmakers set a clear deadline, as he pressed for the full House schedule to be set before the summer recess.

In an interview with Fox Business, Hill told Senate leaders they should set the floor schedule in July. “If you set a date for the floor in July, there will be late-stage meetings and discussions,” he said. Hill said Congress needs deadlines to reach agreement.

The comments came as Senate deliberations have been delayed after the House passed the Clarity Act about a year ago. Hill mentioned that Senators Kirsten Gillibrand, Cynthia Lummis, John Boozman and Tim Scott are moving to reach an agreement. He also stressed that 78 Democrats voted in favor in last year’s House vote. He argued that because the bill has already shown bipartisan support, there is no reason for the Senate to delay a conclusion.

A key issue is an ethics controversy. Critics have taken issue with U.S. President Donald Trump’s crypto business, particularly the TRUMP memecoin license and World Liberty Financial (WLFI) token sales. A financial disclosure released on July 1 stated that the businesses were linked to about $1.4 billion in income in 2025.

Hill countered that blocking the bill because of such concerns is not justified. He argued that if the Clarity Act passes, issues such as memecoin issuance, co-investment, exchange use and exchange investment would fall under a clear market regulatory framework. “If we had passed the Clarity Act last summer, many of the issues people are worried about would have been under a regulatory system,” he said. “That would provide more transparency to people who have concerns about the Trump family’s investments,” he added.

Hill described the bill as a system that pairs with the stablecoin bill enacted last year, the “GENIUS Act.” He said stablecoin rules alone do not complete the regulatory framework for the overall market. “Stablecoins are like a mobile phone that is not connected to a cellular network,” he said, explaining that the Clarity Act should serve as that network.

Similar concerns have also been raised in and outside Congress. U.S. Commodity Futures Trading Commission Chairman Michael Selig said regulators should guard against “mission creep” in which oversight extends beyond core issues, and warned that delays could ultimately shift rule-setting into regulators’ hands. Coinbase Vice President Ryan VanGrack also said the bill is near the finish line and that senators from both parties are negotiating day and night to finalize it.

Hill plans to increase pressure. He plans to hold a field hearing in New York led by Representative Bryan Steil, chairman of the House Digital Assets Subcommittee, to again stress the legislative need for the Clarity Act. The Senate returns on July 13, with about 3 weeks left before recess.

Market expectations have weakened somewhat recently. On prediction market Polymarket, the chance of the Clarity Act passing in 2026 was reflected at about 39 percent, down from 74 percent the previous month. The key points in the coming weeks are whether the Senate will set an actual voting schedule and whether it can forge a bipartisan agreement beyond political sparring over the ethics controversy.

JUST IN: Congressman French Hill says lawmakers are going to have a field hearing for the Clarity Act in New York next week "We’ve got to get this market framework in place to be combined with the GENIUS Act" pic.twitter.com/F1b9QpSdQT