Rep. French Hill has been elected as the new chair of the House Financial Services Committee, replacing Patrick McHenry. Hill is known for his pro-crypto stance and has authored multiple cryptocurrency bills. As chair, Hill will focus on stablecoin regulation and investigating “Operation Chokepoint 2.0.” His appointment aligns with President-elect Trump’s pro-crypto administration plans.

Additionally, Texas is exploring the creation of a state Bitcoin reserve through a new bill.

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