PANews reported on December 13 that Hill, the incoming chairman of the U.S. House of Representatives Financial Services Committee, said that he would focus on easing bank supervision, promoting capital formation to facilitate more companies to go public, and addressing structural issues in the crypto market.
French Hill, a pro-crypto Republican, was elected today as the next chairman of the U.S. House Financial Services Committee, and will succeed current chairman Patrick McHenry on January 25, 2025. Hill has promoted a number of cryptocurrency-related bills, including legislation to regulate digital assets, and said he will continue to promote a clear cryptocurrency regulatory framework and consumer protection policies. Hill said he will work with President Trump and Senate Banking Committee Chairman Tim Scott to promote economic policies and usher in a "new era of prosperity."
