[Chairman of the House Financial Services Committee: Hoping to Pass the CLARITY Act During the Lame-Duck Session After the Midterm Elections] Odaily Planet Daily reports that French Hill, Chairman of the U.S. House Financial Services Committee, expressed hope to push for the approval of the CLARITY Act during Congress's lame-duck session following next month's midterm elections. He believes that permanent legislation is necessary to ensure the United States maintains its leadership in the fields of digital assets and blockchain technology. French Hill previously advocated for the FIT21 Act and stated that the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) are currently defining digital assets and digital commodities based on existing regulatory authority, but the relevant policies are still insufficient to replace legislative solutions. Last month, the CLARITY Act failed to secure the required votes during the Senate's procedural debate vote, with the results being 49 votes in favor and 50 votes against. Analysts pointed out that institutional regulatory rules are more easily modified or repealed by a new administration, making it difficult to provide the certainty that congressional legislation can offer. Law firm Troutman Pepper Locke stated that future administrations could adjust rule interpretations and enforcement priorities. (Bitcoin.com News)