Incoming Financial Services Chair Patrick McHenry (R-N.C.), who has long made a priority of financial technology issues, said in an interview Thursday that he plans to create the panel because he believes there is “a big hole in how we structure the committee” as it spends more time grappling with crypto topics.
The subcommittee on digital assets, financial technology and inclusion will be chaired by Rep. French Hill (R-Ark.), who has led Republican efforts to explore the viability of a central bank digital currency. Rep. Warren Davidson (R-Ohio), another prominent crypto voice in the House, will serve as the subcommittee’s vice chair.
Source: House Republicans plan crypto panel in first move to oversee troubled industry – POLITICO