House Financial Services Committee

The Clarity Act, a major digital asset market structure bill, faces uncertainty as the Senate recesses until July 13. Passage depends on resolving disputes over ethics frameworks for crypto holdings, Section 604 of the Blockchain Regulatory Certainty Act, and conflicts in the Agriculture Committee text, with a 60-vote threshold remaining a key hurdle.

Congress has scheduled a hearing for the Digital Asset Market Clarity Act (H.R. 3633) on July 17 in New York. The bill aims to establish a regulatory framework by assigning the CFTC authority over Bitcoin spot markets and the SEC over investment contracts. It has gained momentum in Congress with bipartisan support but faces challenges in reconciling Senate and House versions.

The Senate passed a Trump-backed housing overhaul aimed at increasing affordable housing and blocking Wall Street investors from buying housing stock. The 21st Century Road to Housing Act includes provisions to streamline construction, offer grants, and adjust lending standards, with bipartisan support but some House GOP resistance.

The House Financial Services Committee is addressing tokenization in the context of the State of Crypto. The article discusses their approach to this emerging financial technology.

Paul Atkins, chairman of the US Securities and Exchange Commission, testified at a House Financial Services Committee hearing on oversight of the SEC. The hearing took place in Washington, DC, on February 11, 2026. Atkins discussed prediction-market funds during the hearing.

Barney Frank, the former Democratic congressman from Massachusetts, has died at age 86. He served as chairman of the House Financial Services Committee from 2007 to 2011, a powerful position during a critical period for financial regulation.

House Financial Services Committee Chairman French Hill said Congress should hold off on regulating prediction markets like Kalshi and Polymarket, arguing lawmakers lack understanding of current regulatory frameworks. Hill believes the CFTC and SEC should demonstrate their ability to oversee these markets before Congress acts, while the committee focuses on educating members about existing rules.

Rep. Maxine Waters stated that she expects the Trump administration would not comply with Democratic House oversight if Democrats win the majority in November. Waters, the top Democrat on the House Financial Services Committee, plans to investigate potential corruption related to cryptocurrency and other proposals. She also discussed her priority for a trillion-dollar housing affordability bill if Democrats gain control.

Congressman Barney Frank, a Democrat from Massachusetts, has died at age 86. He served in Congress from 1981 to 2013 and was the first member to voluntarily come out as gay. Frank was head of the House Financial Services Committee during the financial crisis.

The House is moving forward with a vote on an amended bipartisan housing bill next week, despite President Trump's pressure to pass the Senate version. The House Financial Services Committee has released its version of the bill. A clash with the Senate is expected.

House Republicans have introduced the SECURE Data Act, a federal data privacy law that would override existing state-level protections. The bill is supported by leading Republicans on the House Energy and Commerce and Financial Services committees.

Rep. David Scott, a Democratic representative from Georgia, has died at the age of 80. The article references his participation in a House Financial Services Committee hearing in Washington, D.C., in 2021.

Rep. Maxine Waters, a leading Democratic critic of cryptocurrency regulation, faces a primary challenge from Myla Rahman, whose campaign has received 69% of its donations from the crypto industry. Rahman's top donors include Ripple Labs CEO Brad Garlinghouse and Solana Policy Institute's Colin McLaren, reflecting crypto's push to counter Waters' potential leadership role in shaping regulatory policies.