French Hill's Banking Background and Crypto Insights

French Hill, the incoming chairman of the House Financial Services Committee, has a rich history in banking that informs his perspective on financial technology. His experience began over 45 years ago when he worked at a Texas bank during a time when branch expansion was restricted. He advocated for a legislative change that allowed banks to operate satellite offices, enhancing their deposit-gathering ability and reducing risk. This early understanding of banking's limitations parallels his current interest in cryptocurrencies, as he perceives the decentralization of financial services as a potential means to mitigate similar risks in the modern banking landscape.