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French Hill becomes Chair of House Financial Services Committee

New Leadership in Financial Services Committee: Stephen French Hill has won the chair position of the U.S. House Financial Services Committee. He aims to steer cryptocurrency legislation positively, transitioning from Patrick McHenry’s leadership, who advanced key crypto regulations like the FIT21 bill.

Anticipated Changes in Crypto Policy: Under the expected Trump administration, significant shifts in U.S. Crypto policy are likely, with potential changes in SEC and CFTC leadership. Hill plans to tackle debanking allegations affecting digital assets, supporting a more favorable regulatory approach.

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