The U.S. House of Representatives announced on January 9, 2025 that it has appointed Representative Bryan Steil of Wisconsin to head the Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence, succeeding French Hill of Arkansas. The Subcommittee will prioritize the development of a legal framework for digital assets in 2025.
Bryan Steil, a member of the House of Representatives since 2019 and the new head of the subcommittee, is known for his criticism of the US Securities and Exchange Commission’s (SEC) approach to cryptocurrencies. He argues that the SEC has failed to provide a clear regulatory framework, putting US investors at risk. Steil specifically noted that the lack of specific guidance from the SEC has increased ambiguity and uncertainty in the cryptocurrency market, creating conditions for legal and financial risks.
With a strong perspective and commitments to establish a clear legal framework, Mr. Steil is expected to bring transparency and stability to the cryptocurrency market. In the context of the new administration under President Donald Trump showing support for this industry, legal policies on digital currency in 2025 promise to make breakthroughs, contributing to shaping the future of the digital asset sector in the U.S.
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