French Hill and Cryptocurrency (Editorial) | Arkansas Business News


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Arkansas Congressman French Hill has a pivotal role in the regulation of cryptocurrency, as a Forbes article last week made clear.

As ledes go, we couldn’t improve on it and we won’t try: “As a storm over how to regulate cryptocurrency rages in Washington, there is nobody with more at stake than Congressman French Hill (R-Ark). Hill is the inaugural chairperson of the new House Subcommittee on Digital Assets, Financial Technology, and Inclusion, and his mission is to set rules for these innovations after a year of high-profile failures and plunging prices.”

Hill said that one of his first priorities will be stablecoins, whose values are pegged to a reference asset, often traditional currencies like gold or the U.S. dollar. Forbes said that the congressman plans to build on what he described as a “cooperative effort last summer and early fall between House Democrats, House Republicans and the Biden administration, in thinking through the right approach.”

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