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International Business Times

Business

Marvie Basilan

Crypto-friendly Lawmaker Seeks Chairmanship Of House Financial Services Committee

French Hill House Financial Services Crypto CFPB United States Patrick McHenry the House Financial Services Committee Bitcoin Arkansas Ark.

Rep. French Hill of Arkansas (Credit: Rep French Hill Facebook Page)

KEY POINTS

Hill is known for his work in crypto-friendly legislation, including one on stablecoins
He said last week that the CFPB should 'not hinder' innovation in the digital assets realm
He previously questioned the Federal Reserve's authority to issue a CBDC

Rep. French Hill, R-Ark., has officially revealed his intent to take over the leadership of the House Financial Services Committee.

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