U.S. House Financial Services Committee Chairman: Supports Trump's Digital Assets Executive Order, Opposes CBDC Issuance
On January 25, Crowdfundinsider reported that French Hill, Chairman of the U.S. House Financial Services Committee, and Bryan Steil, Chairman of the Subcommittee on Digital Assets, FinTech, and Artificial Intelligence, issued a joint statement in support of Trump's signing of the executive order related to digital assets.
The two chairmen said that the President's Task Force on Digital Asset Markets will strengthen U.S. leadership on the international stage. Notably, they also emphasized their stance on banning the issuance of central bank digital currencies (CBDCs) in the U.S., arguing that it is consistent with the goal of protecting Americans' financial privacy.
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