The U.S. House Committee on Financial Services reported that Chairman French Hill and Representative Vicente Gonzalez led a bipartisan delegation to Italy, Switzerland, and Germany from August 20 to 28, 2025, to engage public- and private-sector counterparts on financial services policy, regulatory oversight, and new product development. Discussions covered the expanding market for digital assets and tokenization, the conduct of monetary policy, and transatlantic partnership issues relating to national security in the context of Russia’s invasion of Ukraine. The delegation also briefed European counterparts on the U.S. digital asset policy landscape following the passage of stablecoin legislation.