Hill won the second round, defeating three other crypto-friendly Republicans Current chair Patrick McHenry will retire on January 25, 2025 Hill is a digital Has supported several crypto bills, including one to regulate assets.
Crypto-friendly French Hill will become chairman of the U.S. House Financial Services Committee in the new Congress next year.
Hill, a Republican, won on December 12 in a race against Kentucky's Andy Barr, Michigan's Bill Huizenga, and Oklahoma's Frank Lucas, all of whom were crypto-friendly. .
In a statement after his win, Hill said he was “humbled” to serve as the next chairman of the House Financial Services Committee.
“I look forward to working with President Trump and Senate Banking Committee Chairman Tim Scott to bring about common-sense economic policies that create a new era of shared American prosperity for all Americans.” added.
Mr. Hill will succeed current Chairman Patrick McHenry, who will retire on January 25, 2025.
“With French Hill taking the lead, Republicans will build on their work this Congress to finally enact a clear regulatory framework and strong consumer protections for the digital asset ecosystem,” McHenry said. Deaf,” he said.
The Financial Services Committee is considered a powerful agency in the United States, and with Hill leading the organization, it will work with the Trump administration on a variety of issues, including cryptocurrencies.
Hill has supported a number of crypto bills, including a bill to regulate digital assets that passed the U.S. House of Representatives in May.
Mr. Hill's appointment as the new chairman of the House Financial Services Committee follows the nomination of Paul Atkins to be the next chairman of the Securities and Exchange Commission (SEC).
Current SEC Chairman Gary Gensler will retire in January 2025.
President Trump also named David Sachs as his chief policy advisor on artificial intelligence and cryptocurrencies, calling him the “White House AI and crypto czar.”
