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The Coin Rise 2024-12-13 22:30:39

Rep French Hill Sees Massive Crypto Regulation Changes In 2025

In 2025, the crypto industry can expect a wave of regulation change as French Hill takes charge of the House Financial Services Committee. French Hill plans to introduce clear regulations in the first 100 days of the new term, making it a key focus for Congress. His leadership could change U.S. crypto policy, creating a stable environment for the digital asset industry, a move long-awaited by crypto stakeholders. Hills Calls for a Shift Toward Crypto Regulation in the U.S. French Hill, a Republican from Arkansas, was recently voted to chair the House Financial Services Committee. This comes after leading the panel’s subcommittee on digital assets. This committee is pivotal in crafting the nation’s crypto regulations, and Hill’s election marks a turning point for the industry. Hill has been a vocal critic of the U.S. Securities and Exchange Commission (SEC), particularly its chairman, Gary Gensler. Hill believes Gensler’s heavy enforcement approach to crypto regulation stifles innovation. In September, U.S. Congressman Tom Emmer criticized Gensler’s SEC leadership, calling his tenure the most destructive and lawless. Hill argues that the U.S. needs a clearer market structure for digital assets, limiting the potential of Web3 and blockchain technologies. Many crypto leaders share this view, calling for necessary changes. The crypto community has praised Hill’s leadership, with groups like the DeFi Education Fund and Blockchain Association supporting his efforts to create clear regulations. They appreciate his focus on innovation and protecting the rights of developers and DeFi users. Hill is seen as a strong advocate for sensible crypto policies. Digital Assets: A Priority in the First 100 Days Hill’s vision for 2025 aligns closely with Steve Scalise, the House Majority Leader. Scalise plans to move a regulatory structure bill for digital assets within the first 100 days of President-elect Donald Trump’s term. The focus will include stablecoins and other key aspects of the crypto landscape, creating much-needed certainty for the industry. Scalise intends to establish a framework that will allow digital assets to grow with clear rules in place. The new bill will provide businesses and innovators with the confidence to build. A Potential Strategic Bitcoin Reserve In addition to regulatory work, discussions around a strategic Bitcoin reserve have gained momentum, both federally and at the state level. Hill will be tasked with navigating these discussions in his new role, including proposals from Senator Cynthia Lummis and Rep. Giovanni Capriglione. Lummis has proposed a bill directing the U.S. Treasury to purchase one million Bitcoins over five years. Capriglione has filed a state bill to create a Bitcoin reserve through donations, holding the assets for up to five years. When asked about the idea of a Bitcoin reserve, Hill acknowledged its appeal but was cautious in his assessment. The post Rep French Hill Sees Massive Crypto Regulation Changes In 2025 appeared first on TheCoinrise.com .

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