Newly Elected French Hill To Prioritize Digital Asset Regulatory Framework in First 100 Days
French Hill, the newly elected chairman of the U.S. House of Representatives Financial Services Committee, said that establishing a regulatory framework for digital assets will be his top priority in the next 100 days. He plans to push for bills related to stablecoins and market structure, and has criticized Gary Gensler’s enforcement of cryptocurrencies. Regarding the establishment of a strategic reserve of Bitcoin, Hill said that its value to the United States needs further evaluation. Hill also noted that the House majority leader plans to “push the Digital Asset Regulatory Structure Act” and also focus on stablecoins as part of President-elect Donald Trump’s first 100 days in office.
