Republican Rep. Bryan Steil has called for clear crypto rules as he’s set to chair the House’s Subcommittee on Digital Assets, a key Congressional gather for blockchain policy.
The GOP Representative from Wisconsin was unveiled in a roster of new House leadership by Rep. French Hill, who was voted to head the entire House Financial Services Committee during Donald Trump’s regime.
Hill’s statement on Thursday, Jan. 9, said the House Committee and Subcommittees led by Rep. Bryan Steil and other Republicans will “create a regulatory framework for digital assets” to protect U.S. investors and support America-based technological innovation.
Reps. Hill and Steil have criticized agencies like the Securities and Exchange Commission and its outgoing chair, Gary Gensler, for failures in digital asset policy. Gensler announced his resignation on Jan. 20, the same day as Trump’s inauguration. Trump selected pro-crypto Paul Atkins as Gensler’s replacement, pending Senate approval.
Bryan Steil and French Hill have supported crypto bills in the House’s digital assets subcommittee, like FIT21, which seeks to define crypto oversight and clarify regulatory powers. Steil also voted for a stablecoin bill to regulate U.S. dollar-pegged tokens nationally.
The House Financial Services Committee and its subcommittee on digital assets are crucial to crypto policy formation, placing Steil in the front row of a much-debated topic in recent months and years.
Read the full article here