French Hill: FIT21 and the stablecoin bill will be his top priority in the 119th Congress if they are not passed during the "lame duck" period

According to ChainCatcher, the new Congress is expected to be the most supportive of cryptocurrency. French Hill, chairman of the House Financial Services Committee, will lead the formulation of multiple crypto-related bills.

Hill said that if FIT21 and the stablecoin bill fail to pass during the "lame duck" period, the two bills will become his top priorities in the 119th Congress. Ron Hammond, director of government relations at the Blockchain Association, said that it will take lawmakers about three to four months to adapt, but then they may work quickly and many familiar bills will be reintroduced.