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The Arkansas Representative is expected to take over leadership at the House committee crucial to digital asset policy following the departure of Patrick McHenry.
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Arkansas Representative French Hill, currently the chair of a digital asset subcommittee, will likely take over leadership of the United States House of Representatives Financial Services Committee in the 119th Congress.
In a Dec. 12 announcement, Representative Hill said he beat his Republican challengers — Andy Barr, Frank Lucas, and Bill Huizenga — in a decision at the party’s steering committee. He is expected to take the gavel from Chair Patrick McHenry on Jan. 3 when the next session of the US Congress begins.
According to Representative Hill, Senator Tim Scott was expected to chair the banking committee, another government body crucial to digital asset and blockchain policy in Congress. Scott said in July that he would support pro-crypto legislation as chair.
House Republicans must still ratify Hill’s selection in a full conference vote before it is official.
Related: What role did crypto voters play in the 2024 US election?
This is a developing story, and further information will be added as it becomes available.
This article first appeared at Cointelegraph.com News
