Republican representative Bryan Steil has called for clear crypto regulations as he becomes chairman of the House Subcommittee on Digital Assets, the main Congressional gathering for blockchain policy.
The GOP Representative was from Wisconsin show up in a record of new House leadership by Rep. French Hill, who was voted to head the entire House Financial Services Committee during the Donald Trump regime.
Hill's statement on Thursday, January 9, said the House Committee and Subcommittees led by Representative Bryan Steil and other Republicans would “create a regulatory framework for digital assets” to protect US investors. and support American-based technological innovation.
Representatives Hill and Steil have criticized agencies such as the Securities and Exchange Commission and its outgoing chairman, Gary Gensler, for failing in digital asset policy. Gensler name resign on January 20, the same day as Trump's inauguration. Trump are chosen pro-crypto Paul Atkins as Gensler's successor, pending Senate approval.
Bryan Steil and French Hill have sponsored crypto bills in the House digital assets subcommittee, such as FIT21, which seeks to define crypto oversight and clarify regulatory powers. Steil also voted for a stablecoin bill to regulate US dollar pegged tokens nationally.
The House Financial Services Committee and its subcommittee on digital assets are critical to crypto policymaking, putting Steil in the front row of a hotly debated topic in recent months and years.
