Bryan Steil, a representative from Wisconsin's 1st district in the US House of Representatives, is set to lead a digital asset-focused subcommittee in Congress. Steil will take over from Representative French Hill as the chair of the Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence in the upcoming 119th session of Congress. Hill, who previously chaired the subcommittee, will now head the House Financial Services Committee. The committee's focus for 2025 includes establishing a regulatory framework for digital assets. Despite no reported crypto investments, Steil received support from a crypto-backed PAC during his reelection campaign. As lawmakers begin their new session, with many showing pro-crypto inclinations, there is anticipation of significant developments in digital asset policy under the new administration. The transition coincides with President-elect Donald Trump's upcoming inauguration, where executive orders related to digital assets are expected to be signed. Read more AI-generated news on: https://app.chaingpt.org/news