Rep. French Hill, a digital assets advocate, will chair the House Financial Services Committee, prioritizing stablecoin regulation and the FIT21 bill.
Lawmakers aim to regulate stablecoins tied to assets like the U.S. dollar, balancing state and federal oversight. Progress is expected by 2026.
The FIT21 bill seeks to empower the CFTC while specifying SEC roles, with pro-crypto Paul Atkins at the SEC's helm boosting its chances.
2025 discussions may include taxing staking rewards upon sale rather than when earned, as part of broader tax reforms.
President-elect Trump proposes a federal bitcoin reserve, supported by Sen. Cynthia Lummis, but bipartisan agreement remains elusive.