Unchained Congressman French Hill on Crypto and His Top Pick for the Next SEC Chair- Ep. 677
Jul 19, 2024
Congressman French Hill, a key figure in crypto legislation and vice chairman of the House Financial Services Committee, dives into the current state of crypto regulation. He passionately discusses the FIT21 bill and who he believes should succeed Gary Gensler as SEC chair. Hill also emphasizes the CFTC's pivotal role and how the Chevron doctrine's potential overturning could impact the crypto landscape. Additionally, he shares insights on Trump's evolving crypto stance and provides an update on the detained Binance executive in Nigeria.
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Rep. Hill's Interest in Blockchain
- Rep. Hill's interest in blockchain stems from a passion for technological advancement in financial services.
- He's focused on removing agency costs, enhancing security, and improving transaction traceability.
FIT21 Bill
- The FIT21 bill offers a regulatory framework for blockchain and tokenized payments in the US.
- It addresses custody issues, grants CFTC authority over spot Bitcoin, and aims to clarify security classifications.
Potential SEC Chair
- Rep. Hill believes Hester Peirce would be an excellent choice for SEC chair.
- He criticizes Gary Gensler's handling of innovation and digital assets.