Pro-Crypto Congressman French Hill To Chair House Financial Services Committee

An increasing number of pro-crypto officials are being elevated to senior positions as the Trump administration prepares to take office. On Dec. 12, Republican Congressman French Hill, the chairman of the House Subcommittee on Digital Assets, was chosen to chair the House Financial Services Committee once Patrick McHenry , the current chairman, retires from Congress at the end of his term. With Hill notably spearheading the Financial Innovation and Technology for the 21st Century Act ( FIT21 ) — a bill seeking to establish clear regulations and consumer protections for the cryptocurrency industry — crypto proponents are bullish on Hill’s appointment. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant