'Pro-crypto' Rep. French Hill elected to serve as chairman of the U.S. House of Representatives Financial Services Committee

Pro-cryptocurrency US Congressman French Hill of Arkansas has announced that he will run for president of the Democratic Party of the United States from next year.
He will head the House Financial Services Committee, which will play a key role in establishing cryptocurrency policy under the Trump administration.
Hill, who currently serves as chairman of the Digital Assets Subcommittee as of the 12th (local time), is set to serve as chairman of the U.S. House Financial Services Committee in the new House session next year.
"I am humbled and grateful to my colleagues for the confidence they have placed in me to serve as the next Chairman of the House Financial Services Committee," Hill said in a statement. "President Trump and I are extremely grateful to him for his support.
I look forward to working with House Banking Committee Chairman Tim Scott to advance common-sense economic policies that will usher in a new era of American prosperity."
Like the House Financial Services Committee, the Senate Banking Committee will also play a key role in discussing cryptocurrency and blockchain policy.
Last July, Senator Tim Scott made it clear that he would support cryptocurrency-related legislation, stating that if he becomes chairman of the Banking Committee, he would appoint a new subcommittee focused on cryptocurrencies.
Hill has previously said he would consider establishing a new Senate House of Representatives (Senate) in response to his Republican rivals Andy Barr and Frank Lucas.
Lucas and Bill Huizenga for the Steering Committee.
Committee) and will replace current Chairman Patrick McHenry at the start of the 119th Congress on January 3, 2025.
Hill will take over as speaker from Rep. Patrick McHenry. House Republicans must ratify Hill's selection by the full House to make it official.