French Hill, the newly elected chairman of the U.S. House of Representatives Financial Services Committee, noted that establishing a digital asset regulatory framework in the next 100 days will be his top priority. He plans to promote bills related to stablecoins and market structure, and has also criticized Gary Gensler’s law enforcement on cryptocurrencies. Regarding the establishment of strategic Bitcoin reserve, Hill said that its value to the United States needs to be further evaluated. Hill also noted that House Majority Leader plans to “move a regulatory structure bill for digital assets” and is also focused on stablecoins as part of his first 100 days plan of President-elect Donald Trump’s term.

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