U.S. Representatives French Hill and Bryan Steil have called for Congressional action to support technological innovation, which they believe will yield economic benefits for all Americans. Their statement was shared in a February 13 opinion piece published by CoinDesk.
"Last November, the American people clearly spoke," said said Hill and Steil. "They support President Trump and the agenda he campaigned on: A 'Golden Age' in America. A key component of President Trump's agenda is leveraging the U.S.'s leadership in advanced technology and economic strength for the benefit of all Americans. Nowhere is this renewed focus on using our strengths for the future more necessary than in the development of digital assets and blockchain operations, where Washington has been asleep at the wheel for far too long."
According to the opinion piece, Hill and Steil noted that both major institutions and individual Americans are increasingly adopting digital assets and blockchain technology. They argue these technologies have the potential to enhance financial accessibility. The Congressmen said that innovation in the blockchain ecosystem faced obstacles under the previous administration due to litigation and regulatory challenges. Despite these hurdles, during the last legislative session, the House of Representatives established a bipartisan regulatory framework for digital assets. Hill and Steil emphasized their commitment to continue this work in the current session, aiming to implement legislation such as a newly introduced stablecoin-focused bill that positions the U.S. as a leader in finance, technology, and opportunity.
Baker Hostetler LLP reported that during his campaign, President Donald Trump promised to make the U.S. "the world capital of crypto." Shortly after taking office, Trump issued an executive order titled "Strengthening American Leadership in Digital Financial Technology," which calls for regulatory clarity for emerging technologies, fair access to banking services, promotion of public blockchain services, and protection of the U.S. dollar through dollar-backed stablecoins. He also established the President’s Working Group on Digital Asset Markets to further his digital asset-related policy objectives.
Hill represents Arkansas’s Second Congressional District and serves as Chairman of the House Financial Services Committee.
Steil represents Wisconsin's First Congressional District and is Chairman of the Financial Services Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence.
