COINTELEGRAPH · 2026-11-05 21:52 UTC

Crypto ally French Hill wins reelection but set to lose House chair

French Hill, a crypto-friendly Republican House Financial Services Committee chair, won reelection in Arkansas but will lose his chairmanship as Democrats took control of the House. Maxine Waters, a Democrat, is expected to replace Hill as committee chair, potentially increasing regulatory scrutiny on cryptocurrency. Crypto industry-backed super PACs spent over $176 million during the election cycle, including $1 million to support Hill's campaign.

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