Republican Rep. French Hill won reelection to his House seat, but he will give up his role as chair of the House Financial Services Committee when Democrats take majority control in January. Hill has been a prominent voice on digital asset policy in Congress, so his departure from the chair post will change who leads that committee's crypto agenda in the next session.

Worth watching how the incoming leadership approaches stablecoin and market structure legislation.

Source: https://cointelegraph.com/news/crypto-ally-french-hill-wins-reelection-arkansas

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