Golden Finance reports that U.S. Democratic lawmakers have elected senior members of key committees in the 119th U.S. Congress as the party prepares to become the minority party. California Rep. Maxine Waters will remain the ranking member of the House Financial Services Committee until the new Congress is sworn in in 2025, Democrats said in a Dec. 11 notice. It is reported that the House committee is responsible for legislation and policies affecting the financial services industry, including the cryptocurrency industry. Rep. Patrick McHenry of North Carolina, a Republican, will serve as committee chairman until January 3. Rep. Waters has served as ranking member of the committee, the minority party's top leadership position, since January 2023, when Republicans took the majority in the House. With McHenry set to depart, several Republicans are considering candidates to serve as the next committee chairs, including Digital Assets Subcommittee Chairman French Hill. The party is expected to decide on the leadership position within the next seven days.