Congressman French Hill Appointed House Financial Services Committee Chairman, Focus on Digital Assets and Financial Innovation
Washington, D.C. — December 13, 2024 — Congressman French Hill (R-AR) has been selected to serve as the next Chairman of the House Financial Services Committee in the 119th Congress, following a recommendation by the House Republican Steering Committee. As Chairman, Hill plans to prioritize digital asset legislation and promote financial innovation.
Hill, who previously chaired the Subcommittee on Digital Assets, Financial Technology, and Inclusion, has been a strong advocate for advancing blockchain and fintech legislation. He played a pivotal role in passing the Financial Innovation and Technology for the 21st Century Act (FIT21) in the House, which aims to create a regulatory framework for digital assets.
Congressman Hill emphasized his commitment to working alongside Republican leadership and the incoming Trump administration.
Hill’s appointment comes at a crucial time for the financial services sector, particularly in the realm of digital assets and cryptocurrencies. His leadership is expected to drive forward bipartisan initiatives that support innovation while ensuring consumer protection and market integrity.
As the financial services landscape continues to evolve, Chairman-elect Hill’s expertise in both traditional banking and emerging technologies positions him to lead the committee in addressing the complex challenges and opportunities facing the sector.
https://financialservices.house.gov
Contributor: Jacqueline Cooper, JD BLI Media Team