Crypto-friendly US Republican Congressman French Hill was elected as the new chairman of the House Financial Services Committee on Thursday, a committee that may play a key role in shaping and advancing digital asset legislation in the new year.
Hill currently serves as chairman of the committee's Subcommittee on Digital Assets, Financial Technology and Inclusion, and has participated in the advancement of several Bit currency bills, including a bill to regulate Stable Bits and another focused on market structure.
Additionally, addressing allegations of "debanking" has also become a priority for Hill. In a hearing earlier this month, Hill expressed concern about the issue of Bit currency industry participants being denied banking services, and said he plans to conduct a thorough investigation into this in the new year.
