Press Releases

From August 20-28, 2025, House Committee on Financial Services Chairman French Hill (R-AR) and Rep. Vicente Gonzalez (D-TX) led a delegation to Italy, Switzerland, and Germany. The purpose of the trip was to engage with leaders from both the public and private sector in financial services industry policy, regulatory oversight, and new product development. In each of the three countries, the lawmakers discussed matters related to the expanding market for digital assets, tokenization, conduct of monetary policy, and the transatlantic partnership issues regarding national security, particularly concerning Putin‘s continued relentless, illegal invasion of Ukraine.

Chairman Hill said, “Congressman Gonzalez and I met with key leaders in Italy, Switzerland, and Germany to discuss how the Committee’s work is impacting the financial services industry and related regulatory developments across Europe. Our visit was critically important to strengthen the United States’ relationship with each of these nations in economic policy development. We briefed our European partners on the digital asset policy landscape following the passage of landmark stablecoin legislation, and we shared views on the conduct of monetary policy and next steps in ensuring transatlantic security in light of Putin‘s illegal invasion of Ukraine."

Rep. Gonzalez added, “It was my honor to travel alongside Chair Hill and represent the important work that is being done in the House Financial Services Committee. I thank the leadership of Europe’s leading financial institutions for meeting with our bipartisan delegation to discuss key issues on monetary policy and digital assets. As a Catholic, it was also a great honor to meet with His Holiness, Pope Leo XIV, and hear his message of cooperation. I look forward to continuing to work with Chair Hill and Ranking Member Waters to deliver for South Texas.”