House Financial Services Committee Chairman French Hill has commented on President Trump's recent Executive Order, which establishes a Strategic Bitcoin Reserve and a United States Digital Asset Stockpile. Hill emphasized the importance of maintaining the U.S.'s leadership in digital assets.
"President Trump is committed to ensuring the U.S. remains a global leader in digital assets," Hill stated. He highlighted the need for "proper accountability, accurate tracking, and a unified approach to managing these novel assets."
Hill encouraged collaboration between the administration and Congress concerning the reserve's structure and funding. "As President Trump works to implement this Executive Order, I encourage his administration to collaborate with Congress," he said.
The Chairman also expressed support for enacting federal legislation related to stablecoins and digital asset market structures. "Like President Trump, I believe the U.S. must lead in digital assets, and I look forward to working with the administration on the critically important steps of enacting federal stablecoin and digital asset market structure legislation."