ChainCatcher news, according to The Block, crypto supporter and U.S. Congressman French Hill from Arkansas defeated three other competitors to win the position of Chairman of the Financial Services Committee.It is reported that French Hill stated in July's Unchained podcast that stablecoin and market structure legislation would be the two bills he most wants to pass after becoming chairman.

ChainCatcher news, Congressman French Hill may play a key role in shaping financial services priorities next year. He expressed concerns about the de-banking of the cryptocurrency industry and plans to closely examine this issue in the new year.Venture capitalist Marc Andreessen stated in a recent interview on Joe Rogan's podcast that the U.S. government had pressured banks to close certain accounts related to cryptocurrency and other industries.Hill said during a technology and finance-focused hearing held by the House Financial Services Committee on Wednesday, "There is no patience for this from either party. Legitimate businesses in this great country of America should have the freedom to access banking and financial services. We have seen this time and again. This committee will take a strong stance on this, and we have received documents and are reviewing them. We will continue to review this before the end of this Congress and into the next Congress."

ChainCatcher news, according to Unusual whales monitoring, Republican Congressman Michael Collins from Georgia purchased $15,000 worth of the meme coin "Ski Mask Dog" and $15,000 worth of AERO.Subsequently, Michael Collins replied to the tweet with an emoji.

ChainCatcher news, former U.S. Congressman Ron Paul may join the Department of Government Efficiency (DOGE) and has been invited to contribute. Paul recently shared on X that Musk had sought his advice on the Department of Government Efficiency: "Elon Musk asked me to provide suggestions for the newly established Department of Government Efficiency. I am happy to help."

ChainCatcher News, the U.S. House of Representatives will address Congressman Mike Flood's recent statement: "Despite widespread opposition, SAB 121 continues to operate as a regulation, even though it has never gone through the normal Administrative Procedure Act process."Flood stated: "I look forward to working with the next SEC Chair to rescind SAB 121. Whether Chair Gary Gensler resigns on his own or President Trump fulfills his (promise to fire Gensler), the new administration has a tremendous opportunity to usher in a new era post-Gensler."He added: "Gensler's opposition to the bipartisan digital asset regulatory framework passed by the House earlier this year should come as no surprise. 71 Democrats joined House Republicans in passing this commonsense framework. Although the Democrat-led Senate refused to accept it, it represents a breakthrough moment for cryptocurrency and could inform the work of a unified Republican government when the next Congress begins in January."

ChainCatcher News, U.S. Congressman and Arkansas Republican French Hill stated in an interview that Republican SEC Commissioner Hester Peirce "may become the new acting chair of the U.S. SEC."Hill said, "We look forward to Trump's appointment of a new SEC chair, and after Gary Gensler steps down on January 20 next year, a Republican will become the acting chair of the SEC. That person could be Hester Peirce------she is very likely to become the acting chair of the SEC."Regarding Gary Gensler's announcement of his impending departure, Hill remarked, "Gensler has been quite disappointing for the crypto ecosystem." This is because Gensler has taken an "enforcement-first" approach, and "Gensler's views on the crypto industry are almost contradictory."Hill added that the SEC cannot address all the issues currently facing the U.S. crypto industry. Congress must work with the SEC to pass legislation to ensure fair enforcement of digital assets.

ChainCatcher news, according to Fox Business reporter Eleanor Terrett, Democratic incumbent Yadira Caraveo from Colorado is one of the few losers in this election backed by Fairshake PAC (a super PAC supporting cryptocurrency and bipartisan efforts).Fairshake invested over $2 million in advertising to support Caraveo, but Caraveo conceded to Republican opponent Gabe Evans this afternoon. Now, Republicans are closing in on a majority in the House of Representatives.

ChainCatcher news, according to a report by Cointelegraph, a Federal Election Commission filing submitted on October 28 shows that the cryptocurrency political action committee Fairshake spent over $760,000 to support the re-election campaign ads of Wisconsin Congressman Bryan Steil.With only a week left until the election on November 5, Fairshake's move is seen as its final push before the election. Steil has served as the Congressman for Wisconsin's 1st Congressional District since 2019, supporting the "21st Century Financial Innovation and Technology Act" and opposing the SEC's Accounting Release No. 121.He will face off against Democrat Peter Barca on November 5, with current polls showing Steil leading by 3 percentage points.

ChainCatcher news, according to Decrypt, U.S. Congressman French Hill (R-AR) stated in an interview with the Thinking Crypto podcast that the SEC should have new leadership next year, regardless of which party controls the White House.Hill criticized SEC Chairman Gary Gensler's regulatory policies, calling them unconstitutional and an abuse of power, and suggested implementing exemption policies for emerging industries like cryptocurrency.Ripple Labs CEO Brad Garlinghouse also predicted that Gensler would leave after the upcoming presidential election, regardless of the election outcome.

ChainCatcher news, U.S. Congressman French Hill expressed optimism that the crypto market structure bill and stablecoin legislation will be considered before the end of 2024. Hill noted during a discussion at Washington DC's Fintech Week that these two bills may gain traction during the "lame duck period" after the November elections.Additionally, he emphasized that if these bills cannot pass this year, they will become priority issues for 2025. Currently, the House has passed the FIT 21 bill, which gives the Commodity Futures Trading Commission the authority to regulate digital commodities.

ChainCatcher news, according to FOX Business reporter Eleanor Terrett, after the remarks of House Financial Services Committee Chairman Patrick McHenry, Congressman Brad Sherman mentioned the topic of cryptocurrency for the first time.Sherman stated: "The SEC is the primary agency for protecting investors and is responsible for almost all other intangible investment assets. We can provide clarity, although I don't think it's necessary, we can clarify that cryptocurrency is a security through additional regulations."

ChainCatcher news, according to Bitcoin Magazine, U.S. Congressman Tom Emmer stated that he looks forward to working with Donald Trump to fire SEC Chairman Gary Gensler.

ChainCatcher news, according to Cointelegraph, New York Congressman Ritchie Torres believes that U.S. regulators should not attempt to ban election betting contracts, but should focus on regulating these contracts to prevent bad actors from gaining market share.In a recent letter to Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam, Ritchie Torres wrote: "I urge the Commission to consider developing a plan to regulate these markets, rather than preventing them from existing in regulated markets. If the CFTC collaborates with regulated registrants to enhance the integrity of elections and protect consumers from the dangers posed by the widespread adoption of illegal and unregulated election markets, it will be more effective."

ChainCatcher news, according to Fox News reporter Eleanor Terrett, Tennessee Republican Congressman John Rose, a member of the House Financial Services Committee, is introducing a new bill called the BRIDGE Digital Asset Act, which will establish a Digital Asset Joint Advisory Committee between the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC).It is reported that the purpose of this committee is to allow the industry to provide recommendations to these two agencies regarding rules, regulations, and policies related to digital assets. The committee will consist of 20 private sector participants representing various interests in the Crypto space.John Rose stated, "The current harsh, enforcement-driven regulatory approach is not working and is instead encouraging investment in this critical innovation overseas. The Digital Asset Joint Advisory Committee will provide a framework for government and private sector collaboration to successfully navigate the regulatory environment for digital assets and private sector participants."

ChainCatcher news, U.S. Senator Cynthia Lummis stated that taxing Bitcoin miners would be detrimental to the United States. "The Biden administration's dangerous plan to tax Bitcoin miners is a blatant attack on innovation."

ChainCatcher news, FOX Business reporter Eleanor Terrett announced the list of attendees for today's crypto roundtable on social media. Important attendees include:Biden Senior Advisor Anita DunnMark CubanCoinbase Chief Legal Officer Paul GrewalBitGo Co-founder Mike BelsheDCG Vice President of Public Policy Julie Stitzela16z Head of Government Affairs Collin McCuneKraken Chief Compliance Officer Marco SantoriFormer CFTC Chairman Chris Giancarlo (Paxos Board Member)Pantera Chief Compliance Officer Katrina PagliaFormer SEC Senior Advisor Justin Slaughter (Paradigm Policy Director)Uniswap Labs Chief Legal Officer Marvin AmmoriCircle Chief Strategy Officer and Global Policy Head Dante DisparteIn addition, attendee Congressman Ro Khanna reported that he believes today's meeting "made a productive step forward," and Biden Senior Advisor Anita Dunn participated in the meeting for about an hour.

ChainCatcher news, according to FoxBusiness, Congressman Ro Khanna has been reaching out to top figures in the digital asset industry, Democratic lawmakers, and White House officials, inviting them to an exclusive roundtable meeting next week in the U.S. capital.The meeting is scheduled for Wednesday and is expected to have more than twenty attendees, including at least one White House representative as well as billionaire entrepreneur, cryptocurrency investor, and advocate Mark Cuban.

ChainCatcher news, U.S. Senator Ted Cruz stated that he is very optimistic about Bitcoin, and I believe Texas should welcome Bitcoin mining. I own three mining machines, and they are mining in Texas.

ChainCatcher news, according to Watcher.Guru, Congressman Matt Gaetz has proposed a bill that would allow federal income tax to be paid in Bitcoin.

ChainCatcher news, according to data from Quiver Quantitative, U.S. Congressman Mike Collins disclosed on June 17 that he purchased Velodrome (VELO) on May 17, with the purchase amount between $1,001 and $15,000.It is reported that Mike Collins has conducted multiple cryptocurrency transactions, and in January, Mike Collins disclosed that he purchased Ethereum worth no more than $65,000 in 2024.