French Hill: FIT21 and the stablecoin bill will be a top priority for him in the 119th Congress if not passed during the "lame duck" session

ChainCatcher news, according to The Block, the new Congress is expected to be the most supportive of cryptocurrency. The chairman of the House Financial Services Committee will be led by French Hill, who has been involved in the drafting of several crypto-related bills, including legislation regulating stablecoins and the market structure bill FIT21.

Hill stated that if the FIT21 and stablecoin bills do not pass during the "lame duck" session, these two bills will become his top priority in the 119th Congress.

Ron Hammond, the director of government relations at the Blockchain Association, said, "Legislators will need about three to four months to acclimate, but after that, they are likely to get to work quickly. We will see many of the bills we are very familiar with being reintroduced."