Rep. Hill on push for crypto legislation: Hope to see the CLARITY Act pass before year-end

Crypto Market Regulation - US Financial Services Committee Chairman advocates for crypto market structure legislation to prevent the US from falling behind Latin America and Europe [1] - The House passed the Clarity Act with bipartisan support, aiming to establish a market framework to make America the most competitive digital asset nation [3] - The Clarity Act addresses the need for rules regarding custody, dealing, and exchanging digital assets within the financial services industry [5] - The Senate is considering the Clarity Act, with hopes for its passage before the end of the year [6] Government Shutdown & Funding - A government shutdown is viewed as costly, inefficient, and ineffective [12] - The Speaker is advocating for a short-term clean Continuing Resolution (CR) through November 21st [12] - Republicans control both the House and Senate [12] - Appropriations chairs have made progress on passing bills [13][14] Federal Reserve (The Fed) - The Fed faces a tough decision regarding interest rates due to conflicting economic indicators [15] - The key question is whether interest rates are currently at a restrictive level [15]