After being elected as US President, Donald Trump began making new appointments to critical positions, including the SEC chairman.
At this point, cryptocurrency supporter Congressman French Hill was recently appointed as the head of the Financial Services Committee, which also oversees the SEC.
Speaking to CNBC in the heat of the moment, the new chairman of the US House Financial Services Committee, French Hill, talked about cryptocurrencies and Bitcoin (BTC).
“We will focus on loosening banking regulations, enabling more companies to go public by raising capital, and easing bank regulations on cryptocurrencies.
“It requires careful and long-term evaluation to assess what value the creation of a Bitcoin reserve could add to the U.S. or the Treasury.”
*This is not investment advice.