House Financial Services Committee Chairman French Hill and Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee Chairman Bryan Steil have expressed their support for President Trump's recent executive orders on digital assets. In a joint statement, they emphasized the importance of these actions in maintaining America's leadership in digital financial technology globally.
"We applaud President Trump for taking important steps to ensure America remains a leader in digital financial technology on the international stage," they stated. They highlighted the role of the President's Working Group on Digital Asset Markets in strengthening U.S. leadership and fostering collaboration among Congress, key officials, and agencies.
Hill and Steil also addressed efforts to prevent the issuance of a Central Bank Digital Currency (CBDC) in the United States. "President Trump’s Executive Order solidifies that we are in lockstep when it comes to protecting the financial privacy of Americans," they noted.
As leaders within their committee, Hill and Steil look forward to collaborating with the Trump Administration on legislation aimed at providing clarity and protections for consumers and investors while ensuring that the United States remains at the forefront of digital financial innovation.