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It's that time of year: Republicans are finalizing their picks for House committee and subcommittee chairs.

For eagle-eyed crypto enthusiasts, you may have seen Rep. French Hill's nomination to chair the House Financial Services Committee. It should also be noted that Glen Thompson is set to retain his position as Chairman of the Agriculture Committee.

Let's review what these representatives had to say about cryptocurrencies and what they could hold for politics in the upcoming session:

French Hill

Hill was the first-ever chair of the House Subcommittee on Digital Assets, FinTech, and Inclusion, where he has served for the past two years.

Chairwoman Maxine Waters established the subcommittee during the 116th Congress. It was expanded to also include cryptocurrency matters this session under Patrick McHenry, who is not running for re-election. Since expanding its scope, the Subcommittee has held hearings Decentralized financeEncryption Market structure The role of federal agencies.

Hill received bipartisan support on Thursday after his nomination was announced. Democrat Ritchie Torres, a fellow cryptocurrency friend, He said He looks forward to continuing cooperation between the two parties in the next session.

Glenn Thompson

You may be wondering what COA's relationship with finance is. But this group actually addresses a lot of pressing issues, specifically regarding the commodity and derivatives markets. Like many crypto advocates pays To get more regulation from the CFTC and less from the SEC, the Ag Commission could be crucial.

Thompson introduced the Digital Commodity Exchange Act last session — a bill that has continued to have influence FIT21which passed through the Agricultural Committee and then the full House of Representatives with the support of both parties. A big part of the legislation is to give the CFTC the authority to oversee spot cryptocurrency markets, which is discriminatory. Agency leadership It has supported industry players.

Thompson, co-sponsor of FIT21, He said Last year the legislation was drafted based on “wide-ranging feedback from stakeholders and market participants.”

He added that the bill “aims to close existing power gaps, ensuring US leadership in financial and technological innovation.”

The committee's nominees must be confirmed by the House Republican Conference, which is expected to meet next week.

Meanwhile, in the Senate, there Still no word On whether (or when) senators will vote to confirm SEC Commissioner Carolyn Crenshaw before Congress recesses next week.

Senate Banking Committee Chairman Sherrod Brown on Wednesday attributed the delay to Republican senators being concerned "with corporate special interests and standing in the way of (Crenshaw's) nomination."

Next week should be interesting.

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