U.S. Congressman French Hill is optimistic about the passage of the 2024 cryptocurrency bill

ChainCatcher news, U.S. Congressman French Hill expressed optimism that the crypto market structure bill and stablecoin legislation will be considered before the end of 2024. Hill noted during a discussion at Washington DC's Fintech Week that these two bills may gain traction during the "lame duck period" after the November elections.

Additionally, he emphasized that if these bills cannot pass this year, they will become priority issues for 2025. Currently, the House has passed the FIT 21 bill, which gives the Commodity Futures Trading Commission the authority to regulate digital commodities.