Rep. Bryan Steil to chair House subcommittee on digital assets

Republican Rep. Bryan Steil called for clear crypto rules as he prepares to chair the House Digital Assets Subcommittee, a key Congressional hearing for blockchain policy.

The GOP Rep. from Wisconsin was announced in the new House leadership lineup by Rep. French Hill, who was voted to chair the full House Financial Services Committee during Donald Trump’s regime.

The House Committee and Subcommittees, led by Rep. Bryan Steil and other Republicans, will “establish a regulatory framework for digital assets” to protect U.S. investors and support America-based technological innovations, Hill said in a statement on Thursday, Jan. 9.

Representatives Hill and Steil criticized agencies such as the Securities and Exchange Commission and its outgoing chairman Gary Gensler for failings in digital asset policy. Gensler announced his resignation on January 20, the day Trump was inaugurated. Trump chose crypto supporter Paul Atkins to replace Gensler, who is awaiting Senate confirmation.

Bryan Steil and French Hill have supported crypto bills in the House digital assets subcommittee, such as FIT21, which aims to define crypto oversight and clarify regulatory powers. Steil also voted for a stablecoin bill to regulate tokens pegged to the US dollar at the national level.

The House Financial Services Committee and its subcommittee on digital assets are vital in crafting crypto policy, placing Steil at the forefront of a much-discussed issue in recent months and years.

I am excited to serve as Chairman of the Digital Assets, Financial Technology and Artificial Intelligence Subcommittee. I’m ready to go to work!

— Bryan Steil (@RepBryanSteil) January 9, 2025