The new subcommittee will oversee the crypto industry.
. Led by Representative French Hill , the Subcommittee on Digital Assets, Financial Technology and Inclusion aims to provide “clear rules of the road” for federal regulators.
Some other duties include promoting financial technology to underserved communities, as well as strengthening “diversity and inclusion” in the crypto industry, which has been subject to increased scrutiny following thePolitico that he created the panel to address a “big hole” in how the overarching committee deals with crypto policies.
“I’m proud to announce Congressman French Hill as the Chairman of Congress’ first ever Digital Assets Subcommittee and Vice Chair of the full Committee,” McHenry . “I look forward to working with him to provide clear rules of the road for this ecosystem that protect consumers, while allowing innovation to thrive here in the U.S.”
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