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The New Administration in the US Announced a New Critical Appointment for Cryptocurrencies! Here are the Views of the New Name
The U.S. House Financial Services Committee announced its new leadership structure, with Bryan Steil appointed as the chair of the Digital Assets, Fintech, and Artificial Intelligence Subcommittee.
Firstly, the announcement, reported by Fox News correspondent Eleanor Terrett, indicates a change that aims to address key areas of financial regulation and supervision.
"Digital assets are transforming finance," Steil said in 2024. He criticized the SEC's approach to cryptocurrency regulation, arguing that its current policies stifle innovation and divert business overseas.
Steil's role will focus on shaping legislative priorities related to digital assets, financial technology, and artificial intelligence, key sectors facing rapid innovation and regulatory challenges.
In addition to Steil, other important appointments are:
In addition to Steil, other important appointments are:
Bill Huizenga: Vice Chairman of the Financial Services Committee
Mike Haridopolos: Committee Representative
Ann Wagner: Chairman of the Capital Markets Subcommittee
Andy Barr: Chairman of the Subcommittee on Financial Institutions
Warren Davidson: Chairman of the Subcommittee on National Security, Illicit Finance, and International Financial Institutions
Dan Meuser: Chairman of the Oversight and Investigations Subcommittee
Mike Flood: Chairman of the Home Insurance Sub-Committee