New Administration in the US Announces a New Critical Appointment for Cryptocurrencies – Here are the Opinions of the New Official

The U.S. House Financial Services Committee has announced its new leadership structure, with Bryan Steil appointed as chair of the Digital Assets, Fintech and Artificial Intelligence Subcommittee.

The announcement, first reported by Fox News correspondent Eleanor Terrett, marks a change aimed at addressing key areas of financial regulation and oversight.

“Digital assets are transforming finance,” Steil said in 2024. He criticized the SEC’s approach to crypto regulation, arguing that its current policies stifle innovation and drive jobs offshore.

Steil's role will focus on shaping legislative priorities related to digital assets, financial technology and artificial intelligence, key sectors experiencing rapid innovation and regulatory challenges.

Besides Steil, other key appointments include:

Besides Steil, other key appointments include:

Bill Huizenga: Vice Chairman of the Financial Services Committee

Mike Haridopolos: Committee Representative

Ann Wagner: Chair of the Capital Markets Subcommittee

Andy Barr: Chairman, Financial Institutions Subcommittee

Warren Davidson: Chairman of the Subcommittee on Homeland Security, Illicit Finance and International Financial Institutions

Dan Meuser: Chairman of the Subcommittee on Oversight Investigations

Mike Flood: Chairman of the Home Insurance Subcommittee

*This is not investment advice.