According to the source, Rep. French Hill helped drive House passage of the Financial Innovation and Technology for the 21st Century Act (H.R. 4763, FIT21) in May 2024, a market-structure bill that clarifies SEC and CFTC oversight of digital assets (source: Clerk of the U.S. House; Congress.gov; U.S. House Financial Services Committee). He served as Chair of the House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion in the 118th Congress, overseeing related hearings and markups (source: U.S. House Financial Services Committee). The Clarity for Payment Stablecoins Act advanced out of the House Financial Services Committee in July 2023, signaling ongoing bipartisan work on a federal stablecoin framework (source: U.S. House Financial Services Committee). For traders, the next procedural steps to watch are Senate consideration of FIT21 and stablecoin legislation and scheduling updates on Congress.gov and the Senate Banking Committee docket, which determine timing for potential regulatory clarity affecting U.S. market access for BTC and ETH (source: Congress.gov; U.S. Senate Committee on Banking, Housing, and Urban Affairs).