Deep Tide TechFlow News, on December 13, according to Forbes reporter Eleanor Terrett, with French Hill taking office as the Chairman of the House Financial Services Committee, a vacancy has emerged for the position he previously held as Chairman of the Subcommittee on Digital Assets, Financial Technology, and Inclusion. The potential successors currently emerging include current Vice Chair 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 the policy stance of his successor will influence the future direction of regulation.