Hill, Steil Applaud President Trump’s Actions to Maintain America as a Leader in Digital Financial Technology Around the Globe
WASHINGTON, D.C.,
January 24, 2025 -
WASHINGTON, D.C.— House Financial Services Committee Chairman French Hill (AR-02) and Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee Chairman Bryan Steil (WI-01) released the following statement after President Trump signed multiple Executive Orders relating to digital assets.
“We applaud President Trump for taking important steps to ensure America remains a leader in digital financial technology on the international stage. The President's Working Group on Digital Asset Markets will strengthen U.S. leadership and allow for critical collaboration among Congress, key officials, and agencies to make sure we get this right. As former SEC Chair Gensler continually ruled by enforcement, we worked tirelessly to combat the agency’s harmful actions against the digital asset ecosystem and pass meaningful legislation that would create a functional regulatory framework for digital assets.
“We have also worked with other members of the House Financial Services Committee to prohibit a Central Bank Digital Currency (CBDC) from being issued 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.
“As leaders of this Committee on digital assets, we look forward to working with the Trump Administration as we coordinate on crafting legislation to provide much needed clarity and protections for consumers and investors while securing the United States as the trailblazer in digital financial innovation."
