Representative French Hill, known for his advocacy of pro-crypto measures, will chair the crucial House Financial Services Committee, which will shape key financial laws in the upcoming Congress.
In a momentous political milestone, Arkansas Republican Representative French Hill will chair the House Financial Services Committee in 2025. Hill, who previously served as vice chair of the committee and chaired the digital assets subcommittee, defeated fellow Republicans Andy Barr, Frank Lucas, and Bill Huizenga in a closely watched contest. His appointment, which is pending approval by the full House Republican conference, will put him in charge of monitoring financial services, including cryptocurrency regulation.
Hill’s leadership comes at a time when cryptocurrency legislation is still a major topic in Congress. With President-elect Donald Trump’s administration favoring crypto-friendly legislation, Hill’s knowledge will be critical in pushing digital asset regulations. His triumph followed the resignation of incumbent Chair Patrick McHenry after two decades in office. Hill is hopeful about the possibility of enacting crypto-related legislation, such as regulation and stablecoins, in the coming year.
Hill will lead the committee’s interactions with important financial regulators such as the Federal Reserve, the Treasury Department, and the Securities and Exchange Commission. We expect his extensive expertise in the financial and cryptocurrency sectors to significantly influence the future of US financial regulation, especially as Congress takes into account emerging technology and companies.
