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Key Takeaways
- Bryan Steil has been named chair of the Subcommittee on Digital Assets, overseeing regulations for digital assets.
- Steil supports legislation that balances innovation with investor protection in the crypto sector.
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Bryan Steil has been named chair of the House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence.
In this role, he will lead efforts to regulate digital assets and oversee policies for emerging technologies.
The Wisconsin representative has supported major crypto-friendly legislation, including FIT-21 and SAB 121.
FIT-21 focuses on establishing clear regulatory frameworks for digital assets, ensuring innovation thrives in the US while safeguarding investors and promoting market transparency.
SAB 121 seeks to address regulatory inconsistencies by advocating for a unified approach to digital asset policies, preventing innovation from being pushed overseas.
“Digital assets are transforming finance,” Steil said in 2024, emphasizing that the US must take a leadership role in developing blockchain-friendly policies.
The appointment places Steil at the helm of efforts to craft regulations for digital assets, fintech, and artificial intelligence sectors.
His role aligns with the House Financial Services Committee’s mission to maintain competitiveness while ensuring accountability in financial markets.
Steil has criticized the SEC’s approach to crypto regulation, arguing that its current policies are stifling innovation and driving jobs overseas.
In response, he has prioritized advancing tokenization and Web3 development, aiming to ensure the US remains a leader in the digital economy.
Chairman French Hill endorsed the appointment, highlighting the committee’s dedication to building a competitive and equitable financial system.
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This article first appeared at Crypto Briefing
