PANews reported on June 6 that Bill Huizenga, chairman of the U.S. House Financial Services Subcommittee, publicly declared at the hearing titled "The Future of American Innovation and Digital Assets" on June 4 that cryptocurrency is the "future." The Michigan Republican emphasized, "We must establish a sound regulatory framework as soon as possible," and revealed that the CLARITY Act of 2025, which he is involved in drafting, will provide the legal foundation for this.
It is noteworthy that Huizenga's statement comes as he announces his candidacy for the Michigan Senate seat in 2026. He will compete within the party against former Congressman Mike Rogers, who also supports cryptocurrency. This hearing gathered industry representatives such as former SEC Commissioner Elad Roisman and Uniswap's Chief Legal Officer Katherine Minarik, focusing on the construction of a regulatory framework for digital assets.
