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According to a report from Politico, incoming Financial Services Chair Patrick McHenry said in an interview on Thursday that he plans to create the panel because he believes there is “a big hole in how we structure the committee” as it spends more time dealing with crypto topics. Arkansas Representative French Hill, who has spearheaded Republican efforts to explore the viability of a central bank digital currency , has been selected to chair the new subcommittee on digital assets, financial technology and inclusion. Ohio Representative Warren Davidson will serve as the subcommittee’s vice chair.