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French Hill’s Leadership Could Boost U.S. Crypto Innovation and Banking Access  

Author: Content Editor
Congressman French Hill is a leading candidate to become the House Financial Services Chair and has promised to implement reforms in banking access for crypto companies. He aims to eliminate restrictive practices and encourage innovation in the financial sector in order to keep the U.S. competitive. These restrictive practices, fueled by increasing regulatory pressure, have limited bank services to crypto companies, hindering their growth and discouraging innovation. Some companies are even considering moving their operations to other countries. Hill's vision includes introducing legislation such as the FIT21 framework and a bill addressing stablecoin regulations to provide clarity and support to the industry. Advocates believe that Hill's leadership is necessary to help crypto businesses thrive and prevent them from moving overseas, while also ensuring fair banking policies are created. The choice of the next House Financial Services Chair is seen as critical in shaping the future of digital asset innovation in the U.S.

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