James Hill: “We are here today, Mr. Speaker, because of the exceptional work by the House Financial Services Committee over a 5-year…”

“We are here today, Mr. Speaker, because of the exceptional work by the House Financial Services Committee over a 5-year period, including under the leadership of then-Chairwoman Maxine Waters and former Chairman Patrick McHenry, gathering feedback from experts, looking at market participants, analyzing the markets, and talking to regulators. That is how we got the CLARITY Act on the floor today. It is built on the backs of that hard work. This Chamber passed a similar bill in the last Congress with exceedingly strong, bipartisan support. Since then, the CLARITY Act has only been further refined and strengthened in terms of legal certainty and consumer protection. This bill, Mr. Speaker, as we have demonstrated over that period of time, would prevent consumer harm like FTX. Mr. Speaker, I support the bill. I urge my colleagues to support the bill, and I yield back the balance of my time.”