Bryan Steil, a Wisconsin representative, has been named the chair of the House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence. In his new position, Steil will be responsible for regulating digital assets and overseeing policies for emerging technologies. He has shown support for crypto-friendly legislation such as FIT-21 and SAB 121, which aim to establish regulatory frameworks and address inconsistencies in digital asset policies. Steil believes that the US should take a leadership role in developing blockchain-friendly policies and has criticized the SEC's approach to crypto regulation. He will prioritize advancing tokenization and Web3 development to ensure the US remains a leader in the digital economy. Chairman French Hill has endorsed Steil's appointment, emphasizing the committee's dedication to building a competitive and equitable financial system.



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