Congressman French Hill, chairman of the Arkansas Digital Asset Subcommittee, has aligned himself with former President Donald Trump’s evolving positive stance on cryptocurrencies.

Hill asserts that the Financial Innovation and Technology for the 21st Century Act (FIT21) reflects a balanced regulatory approach that Trump would endorse if reelected.

The bill, recently passed by a majority in the US House of Representatives, aims to provide a regulatory framework for digital assets, granting joint oversight to the SEC and CFTC.

Hill emphasised that this bipartisan effort, supported by both Democrats and Republicans, is crucial for fostering innovation in the crypto industry while ensuring consumer protection.

With Trump increasingly supportive of cryptocurrencies as strategic assets, Hill’s advocacy positions him and his Republican colleagues as proponents of a modern financial system embracing blockchain technology and economic expansion.