U.S. House Financial Services Committee Chair: Supports Trump's Executive Order on Digital Assets, Opposes CBDC Issuance

BlockBeats News, January 25th, According to Crowdfundinsider, French Hill, Chair of the House Financial Services Committee, and Bryan Steil, Chair of the Subcommittee on Digital Assets, FinTech, and AI, issued a joint statement expressing support for Trump's signing of executive orders related to digital assets.

The two chairs stated that the President's Working Group on Digital Assets will strengthen America's leadership on the international stage. Importantly, they also emphasized the stance on prohibiting the issuance of a central bank digital currency (CBDC) in the United States, believing it aligns with the goal of protecting Americans' financial privacy.