According to BlockBeats, on December 14, Forbes reporter Eleanor Terrett reported that with French Hill taking office as chairman of the House Financial Services Committee, his previous position as chairman of the Digital Assets, Fintech and Inclusion Subcommittee has become vacant. Potential successors currently emerging include current vice chairman Warren Davidson, Congressman Frank Lucas and Mike Flood.
The subcommittee plays an important role in cryptocurrency regulation. French Hill has previously actively promoted cryptocurrency-related legislation, and his successor's policy stance will affect future regulatory trends.