Author: Martin Young, CoinTelegraph; Compiled by: Five Baht, Golden Finance

U.S. Representative Tom Emmer was appointed deputy chairman of the House Subcommittee on Digital Assets, Fintech and Artificial Intelligence President.

The Minnesota Republican said on X on January 15: “With President Trump in the White House and Gary Gensler locked up in a dumpster in Washington, we have no choice The best opportunity to ensure that the future of digital assets is led by Americans and aligned with American values.”

The House Financial Services Committee’s 119th Congress Subcommittee Vice Chairman and Subcommittee Assignment is chaired by Committee Chairman French Hill. Announced on January 14th.

The subcommittee was established in 2023 to oversee the development and use of crypto-assets and related financial technologies, and to review the use and development of artificial intelligence in financial services.

"Under the leadership of a proactive and knowledgeable Chairman and Vice Chairman, we are ready to meet the critical challenges ahead," Hill said, adding:

" Our committees will work together to develop a regulatory framework that protects consumers and investors while maintaining America's leadership in innovation, aligning the regulatory system, including community banks, and ensuring our institutions are accountable to their statutory missions ”

Source: Tom Emmer

Earlier in January of this year, Congressman Bryan Steil was elected Chairman of the Financial Services Subcommittee. In September, the Wisconsin congressman said U.S. lawmakers “must” move forward on a regulatory framework for cryptocurrencies.

French Hill also said that one of the commission’s priorities in 2025 will be to develop a regulatory framework for cryptocurrency assets.

As the House and Senate prepare for the Jan. 20 inauguration of President-elect Donald Trump, some cryptocurrency industry executives expect executive orders related to digital assets could be issued soon.

In an interview with ABC News this week, House Majority Whip Emmer pledged to implement Donald Trump's agenda, calling it a task to address spending, inflation and global stability. .

"The public wants us to address the excessive spending, debt and deficit problems that led to double-digit inflation early in Biden's term," he said.