Rep. French Hill (R-Ark.Rep. French Hill, a crypto-regulation advocate, has been named chair of the House Financial Services Committee. He is now at the forefront in legislative efforts to help shape the future for digital assets and currencies.
Hill, who currently chairs the Subcommittee on Digital Assets, Financial Technology, and Inclusion, is known for his deep understanding of the crypto industry’s technical and business aspects.
His selection by House Republican leaders highlights the GOP’s commitment to advancing market structure reforms and stablecoin legislation in the next congressional session beginning Jan. 3.
The crypto-legislation focus
The Financial Services Committee supervises the US Securities and Exchange Commission and works with other Congressional committees to regulate the financial markets including the fast-evolving crypto sector.
Hill’s leadership is expected to bring renewed attention to legislation that could clarify whether digital assets are treated as securities or commodities and establish reserve requirements for stablecoins.
Hill was a coauthor of the Financial Innovation and Technology for the 21st Century Act. (FIT21), a bill bipartisan on the market structure that had passed the House, but stalled earlier in the year at the Senate. In his past, Hill has been involved in bipartisan efforts that addressed stablecoin regulatory issues. Republicans and Democrats were close to an agreement on this issue back in 2024.
Hill is a prominent figure on the crypto front in Congress because of his expertise, connections, and relationships with industry executives and lobbyists. In an interview with Unchained in July, Hill committed to prioritizing market structure legislation and stablecoin laws as his first two bills.
Bipartisan strategy
Hill also promised to investigate the allegations of what critics called “Operation Choke Point 2.0,” an alleged effort by regulators to limit the crypto industry’s access to banking services.
Hill’s leadership in these areas is seen by crypto policy supporters as an advantage. Many of them view Hill as being a better bridge builder than any of his competitors for the chair.
Republicans are expected to press for more lenient regulations, after gaining a majority in both Houses of Congress and the Senate following the elections in November. But, to pass comprehensive crypto legislation, the Senate will need at least six Democratic vote.
Hill’s ability to work across the aisle played a key role in his appointment over other contenders, including Rep. Andy Barr (R-Ky.), a close ally of House leadership. Hill’s collaborative approach has bolstered confidence among lawmakers and industry stakeholders that meaningful crypto legislation could gain traction in 2025.
Posts: Bitcoin US, Cryptography, Politics Regulation Author 
Assad Jafri
AJ is a dedicated journalist who has spent over a decade honing his craft in various countries. Specialized in financial journalism and now focused on crypto-reporting.
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