Arkansas Representative French Hill is set to lead the U.S. House Financial Services Committee in the 119th Congress. Hill, currently chairing a digital asset subcommittee, won against Republican rivals Andy Barr, Frank Lucas, and Bill Huizenga. He is expected to succeed Patrick McHenry on January 3. Meanwhile, Senator Tim Scott is anticipated to chair the banking committee, a key player in digital asset policy. Hill's appointment awaits ratification by House Republicans in a full conference vote. Stay tuned for updates as this story unfolds.