Supporter of encryption, Congressman French Hill, wins the position of Chairman of the Financial Services Committee

ChainCatcher news, according to The Block, crypto supporter and U.S. Congressman French Hill from Arkansas defeated three other competitors to win the position of Chairman of the Financial Services Committee.

It is reported that French Hill stated in July's Unchained podcast that stablecoin and market structure legislation would be the two bills he most wants to pass after becoming chairman.