US policymakers say at fintech event that stablecoin bill is just the beginning

Congressman Frenchie Hill stated that the United States needs a comprehensive regulatory framework for digital finance that goes beyond the stablecoin legislation passed by the Senate this month. Hill is pushing for the passage of the CLARITY Act to establish a clear cryptocurrency market structure and coordinate the Senate's GENIUS Act and the House's STANBLE Act. New York state financial regulator Adrian Harris has warned that excessive federal intervention in cryptocurrency could weaken the role of state regulators, emphasizing the importance of "meaningful state-level pathways" in digital asset regulation. (Sina Finance)