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New House Financial Services Leadership Targets Digital Asset Regulation

  • The House Financial Services Committee has chosen leadership with an eye toward digital asset regulation.
  • Rep. French Hill (R-Ark.) announced the new appointments Thursday (Jan. 9), promising to “right-size the regulatory system for particularly community banks,” and “create a regulatory framework for digital assets that will protect investors and consumers.”
  • The committee’s vice chairman will be Rep. Bill Huizenga (R-Mich.), and chairs for various subcommittees have also been announced.
  • There have been attempts to create frameworks around digital asset markets, with growing bipartisan support for innovation-focused crypto and AI legislation.

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