US Rep French Hill Discusses Crypto Plans Under New Role

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As a seasoned crypto investor with a decade-long journey navigating the digital asset landscape, I find Rep. French Hill’s commitment to prioritizing digital asset legislation in 2025 heartening. His background as a former chair of the House Financial Services Committee’s digital asset subcommittee and his current appointment to lead this committee once again instills confidence that meaningful progress will be made.

In 2025, U.S. Representative French Hill expressed his focus on shaping laws related to digital assets. After being elected as the head of the House Financial Services Committee, he highlighted the importance of establishing well-defined regulations to foster the rapidly expanding digital asset industry.

In the initial phase of his tenure, Hill intends to shape a framework for managing digital assets, which is one of his key priorities.

Rep. French Hill’s Crypto Agenda: Market Structure and Stablecoin Regulation

In a CNBC interview, French Hill outlined his main objectives for the upcoming year. He highlighted the importance of establishing a well-defined regulatory system for digital assets, as he sees a lack of clear rules within the existing framework. Hill criticized the “enforcement-based regulation” approach under SEC Chairman Gary Gensler, suggesting it stifles innovation.

Hill advocates for a systematic method in regulating cryptocurrencies, aiming to foster innovation within the realm of blockchain technology and Web3 applications.

French Hill emphasized that stablecoins are a significant area of interest. He mentioned that House Majority Leader Steve Scalise intends to propose a bill within the initial 100 days of the new Congress. This bill aims to set up a regulatory structure for digital assets such as stablecoins.

Additionally, the newly designated Chair of the U.S. House Financial Services Committee, the Representative in question, has vowed to address unfair debanking tactics motivated by politics. The Chair intends to scrutinize Operation Chokepoint 2.0 as part of his efforts to uphold fairness, openness, and regulatory honesty.

Plans for Regulatory Clarity in Digital Asset Space

In his new role as head of the House Financial Services Committee, French Hill plans to tackle the confusion in the rules surrounding digital assets. He’s been pushing for a well-defined market framework that would foster both stability and creativity in this area.

A significant number of individuals within the cryptocurrency sector are backing Hill’s proposal for extensive regulations in the field. According to him, these regulations would establish a favorable business climate and safeguard consumers simultaneously.

Hill’s commitment to establishing regulatory guidelines coincides with his continuous engagement within the digital asset subcommittee of the committee. Previously serving as chair of this subcommittee, he has spearheaded initiatives to mold cryptocurrency regulations. In his new position, he intends to sustain this progress by collaborating closely with key industry players and fellow legislators.

French Hill’s forward-thinking approach towards digital asset regulation has earned him endorsements from multiple sectors within the industry. Notably, the DeFi Education Fund and the Blockchain Association have voiced their approval, acknowledging his extensive background in digital asset policy.

Apart from delving into cryptocurrency guidelines, Hill has additionally tackled wider financial matters such as enhancing methods for capital accumulation and refining banking rules. In a recent conversation, when inquired about a Bitcoin reserve, Hill offered his thoughts on the topic.

I can see why certain individuals find appeal in it, but I’d need to deliberate extensively to assess its potential benefits for the U.S. or the Treasury.

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2024-12-13 23:14