Chairman Hill Joins Crypto in America Podcast to Discuss Digital Asset Legislation
Washington, April 30, 2025 – House Financial Services Committee Chairman French Hill (AR-02) recently appeared on the Crypto in America podcast to provide updates on market structure legislation and the Committee’s payment stablecoin bill.
Key Insights from the Podcast
Chairman Hill shared his perspective on the significance of cryptocurrency in the American financial system, stating: “Crypto in America means the future of payments, it means the future of financial services, and distributed ledger technology in the use of blockchain… will revolutionize the way we do a lot of peer-to-peer transactions among ourselves.” He emphasized that blockchain technology will have far-reaching implications beyond just financial services.
On the topic of decentralized finance, Hill noted that it offers several advantages, including lower costs, increased inclusivity, and more accurate products. He explained, “People will be attracted to the lower cost and the ability to offer products to a wider variety of customers than you can due to the overhead in traditional finance.”
Regarding the payment stablecoin and digital asset market structure legislation, Chairman Hill and Chairman Tim Scott are working together to advance both bills through the House and Senate. Hill stated, “We both acknowledge that we want to get both bills through the House and Senate and to the President’s desk.”
Upcoming Hearing and Recent Developments
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 will hold a joint hearing titled “American Innovation and the Future of Digital Assets: A Blueprint for the 21st Century” next Tuesday, May 6.
This recent podcast appearance follows several key developments in the Committee’s work on digital assets. On April 9, 2025, the Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence held its first digital asset market structure hearing of this Congress. Previously, on April 4, 2025, Chairman Hill and House Committee on Agriculture Chairman G.T. Thompson published an op-ed in CoinDesk outlining their vision for digital asset market structure legislation. The Financial Services Committee successfully reported the STABLE Act to the full House of Representatives on April 2, 2025, with bipartisan support.
These developments underscore the ongoing efforts to establish a clear regulatory framework for digital assets in the United States.
