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Rep. French Hill, a Republican from Arkansas, is set to chair the House Financial Services Committee, signaling a positive shift for cryptocurrency regulation under President-elect Trump. Hill, known for his proactive stance on digital assets, aims to address banking access issues for the crypto industry and foster bipartisan support for new legislation. His leadership is anticipated to enhance regulatory clarity and support for digital assets in the upcoming Congress.
David Sacks, a venture capitalist and former PayPal executive, has been appointed by President Trump as the White House AI & Crypto Czar, a role aimed at positioning the U.S. as a leader in these fields. His appointment is celebrated in the crypto industry, which hopes for clearer regulations and a more favorable environment after years of regulatory challenges. Sacks will lead a council to develop policies and legal frameworks for crypto businesses, working closely with the SEC and CFTC.
Ron Hammond
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
French Hill appointed chair of House Financial Services Committee boosting crypto prospects
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12:00 13.12.2024
David Sacks Appointed as White House AI and Crypto Czar
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18:44 06.12.2024
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