Incoming Financial Services chair Patrick McHenry created the new committee because he felt the Financial Services Committee needed to spend more time on the increasingly tumultuous crypto industry, McHenry told Politico.
The new subcommittee on digital assets, financial technology and inclusion will be chaired by Rep. French Hill , who has investigated the viability of a central bank digital currency. The vice chair of the subcommittee will be Rep. Warren Davidson , who has also been active on crypto issues. McHenry told Politico the panel will be responsible for providing clear rules for federal regulators, as well as creating policies that allow financial technology to reach underserved communities.Read more:
NelWang Brad Garlinghouse to be on the board
NelWang 👏
NelWang This is understandably huge IMO
NelWang The GOP is taking crypto seriously.