Pro-Crypto Lawmaker Targets Leadership of House Financial Committee in Next Term

cryptonews.com:

Representative French Hill of Arkansas, who currently chairs the United States House Financial Services Subcommittee on Digital Assets, Financial Technology, and Inclusion, has set his sights on assuming the leadership of the full committee following the departure of Patrick McHenry.

According to a  recent report from Punchbowl News , Hill is among the contenders vying to chair the full financial services committee starting in January 2025, coinciding with the end of McHenry’s term. 

McHenry, who has served in office for two decades, announced in December 2023 that he would not seek re-election.

Since its establishment in January 2023, Hill has been at the helm of the digital assets subcommittee and also holds the position of vice chair on the full House committee. 

Under the joint leadership of Hill and McHenry, the committee has conducted hearings addressing various issues related to cryptocurrencies, including the financing of terrorism and money laundering.

“Rep. Hill has been visiting with his colleagues about the possibility of seeking the House Financial Services chairmanship since Chairman McHenry announced he is not seeking reelection,” Brooke Nethercott, Hill’s communications director, said. 

“Drawing on these conversations, as well as his four decades of public and private sector experience in financial services, Rep. Hill has decided he will seek the committee chairmanship.”

The outcome of the House committee leadership will depend on whether Republican lawmakers can maintain a majority in the chamber after the 2024 elections in the United States. 

The control of the House of Representatives, Senate, and the presidency is all up for contention between Democratic and Republican lawmakers. 

In an