Pro-Crypto Rep. French Hill Succeeds Retiring McHenry as Chair of House Financial Services

Dec 12, 2024, 08:43 PM

On December 12, 2024, Rep. French Hill (R-Ark.) was selected by House Republicans to serve as the next Chairman of the House Financial Services Committee, succeeding the retiring Patrick McHenry. Hill, known for his pro-crypto stance and extensive background in the banking industry, previously chaired the Subcommittee on Digital Assets, Financial Technology, and Inclusion. His selection over contenders Rep. Bill Huizenga, Rep. Frank Lucas, and Rep. Andy Barr has been widely praised by colleagues and industry leaders. Hill is expected to advance President Trump's agenda, promote financial innovation, and influence upcoming legislation on digital assets and financial services in the upcoming 119th Congress.