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Wisconsin Representative Bryan Steil has been appointed chair of the Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence, succeeding Arkansas Representative French Hill. Hill will now lead the full House Financial Services Committee, focusing on establishing a regulatory framework for digital assets in 2025. Steil, who has been in Congress since 2019 and reported no crypto investments, received significant support from the crypto-backed PAC Fairshake during his reelection campaign.
Bryan Steil has been appointed chair of the House Financial Services Committee’s Subcommittee on Digital Assets, overseeing regulations for digital assets and emerging technologies. He advocates for legislation that balances innovation with investor protection, supporting initiatives like FIT-21 and SAB 121 to create clear regulatory frameworks and unify digital asset policies. Steil has criticized the SEC's current regulatory approach, arguing it hinders innovation and job growth in the U.S.
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