Congressman Bryan Steil from Wisconsin's 1st District has been appointed to lead the Financial Services Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence in the 119th Congress. This decision was made by House Financial Services Chairman French Hill of Arkansas.

"Innovation in the financial services sector provides an exciting opportunity for consumers and entrepreneurs, as technologies like financial apps, digital assets, and machine learning revolutionize our economy," said Steil. "I am honored to serve as the Chairman of the Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence. I look forward to building on the important work this subcommittee completed under Chairman Hill as we continue to provide the rules of the road to move our economy into the future."

French Hill commented on Steil's appointment: "Rep. Steil has been a leader in his time in Congress, both on our Committee and as House Administration Committee Chairman. As a member of the Digital Assets Subcommittee last Congress, Steil helped push forward our agenda and was instrumental in the historic House passage of FIT21 and fighting to roll back SAB 121. I am delighted he will take over my role as Digital Assets Subcommittee Chairman for the 119th Congress and be a leader in counting our work to create a regulatory framework for digital assets that will protect consumers and investors while keeping the United States a leader in innovation in the digital assets ecosystem."

Steil previously served on this subcommittee during the 118th Congress and is currently serving his fourth term on the Financial Services Committee. The subcommittee he now chairs will oversee matters related to digital assets such as cryptocurrencies, stablecoins, central bank digital currencies, innovative financial technology including mobile transactions by non-bank firms, and technologies involving machine learning and artificial intelligence.