Crypto Blog
Congressman French Hill has been appointed as the next chair of the House Financial Services Committee.
He will succeed North Carolina’s Patrick McHenry, who is retiring after a 20-year stint in Congress, including multiple terms leading Republicans on the board. “I am humbled that my colleagues have placed their trust in me to lead FinancialCmte as their next Chairman.” The party’s steering committee appointed the lawmaker to the role on Thursday while finalizing committee leadership for the 119th Congress, which begins next year. This position means Hill will be key for legislative initiatives for the crypto industry that will take shape in the coming year., the 68-year-old highlighted his promise to work closely with Speaker Mike Johnson, Majority Leader Steve Scalise, Majority Whip Tom Emmer, and House Republican Conference Chair Lisa McClain in the future.
He also mentioned that he’s looking forward to collaborating with President-elect Donald Trump and Senate Banking Committee Chairman Tim Scott on what he described as “a new era of American prosperity’ for all citizens.The Financial Services Committee oversees critical areas, including the Federal Reserve, Wall Street regulations, and the increasingly scrutinized cryptocurrency sector.
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