U.S. House Committee on Financial Services Chairman French Hill issued a statement supporting House leadership’s path forward for digital asset legislation, following discussions involving President Trump and House Republican leadership. The statement highlighted three priorities: President Trump signing Senator Bill Hagerty’s GENIUS Act into law to establish a federally regulated, U.S.-dollar-backed stablecoin; a House vote on a digital asset market structure framework developed by House Agriculture Committee Chairman G.T. Thompson with Subcommittee Chairs Dusty Johnson and Bryan Steil; and House passage of Majority Whip Tom Emmer’s Anti-CBDC Surveillance Act, described as protecting Americans’ privacy and supporting private-sector payment infrastructure innovation. Hill framed these items as near-term actions, with the President expected to sign the GENIUS Act and the House expected to vote on the market structure framework and pass the Anti-CBDC Surveillance Act.
U.S. Financial Services Committee 2025-07-16
U.S. House Committee on Financial Services Chairman French Hill backs House strategy to advance GENIUS Act stablecoin, market structure and Anti-CBDC bills
U.S. House Committee on Financial Services Chairman French Hill endorsed the legislative path for digital asset regulation, emphasizing three priorities: the GENIUS Act for a U.S.-dollar-backed stablecoin, a digital asset market structure framework, and the Anti-CBDC Surveillance Act. These initiatives aim to establish federal regulation, protect privacy, and support private-sector payment innovation.