U.S. House Financial Services Committee Chairman French Hill appeared on the Crypto in America podcast to outline the Committee’s work on payment stablecoin legislation and a broader digital asset market structure framework, including ongoing discussions with Senate counterparts on how to move both bills through Congress and to the President. Hill also framed crypto and distributed ledger technology as transformative for payments and financial services, and described decentralized finance as offering lower-cost and more widely accessible products. The Committee highlighted a 6 May joint hearing between the House Financial Services Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence and the House Agriculture Subcommittee on Commodity Markets, Digital Assets, and Rural Development, titled “American Innovation and the Future of Digital Assets: A Blueprint for the 21st Century.” As background, the Committee reported the STABLE Act to the full House on 2 April by a bipartisan vote of 32-17, and the digital assets subcommittee held its first market structure hearing of the Congress on 9 April.
U.S. Financial Services Committee 2025-04-30
U.S. House Financial Services Committee chair updates on stablecoin and digital asset market structure bills ahead of May 6 joint hearing
U.S. House Financial Services Committee Chairman French Hill discussed efforts on payment stablecoin legislation and a digital asset market structure framework on the Crypto in America podcast, emphasizing crypto's transformative potential. Hill noted ongoing discussions with Senate counterparts to advance these bills. The Committee announced a joint hearing on 6 May focused on digital assets and innovation.