French Hill and Bryan Steil Endorse Trump’s Digital Assets Executive Orders, Oppose CBDC for Financial Privacy

On January 25th, COINOTAG News reported that prominent lawmakers are voicing support for the recent executive orders concerning digital assets issued by President Trump. French Hill, the Chairman of the House Financial Services Committee, along with Bryan Steil, Chair of the Subcommittee on Digital Assets, FinTech, and AI, have collectively endorsed these developments. Their joint statement highlighted that the establishment of the President’s Working Group on Digital Assets is poised to enhance America’s **leadership** within the global financial landscape. Furthermore, they articulated a firm position against the implementation of a **central bank digital currency (CBDC)** in the United States, asserting that such a stance is crucial in safeguarding the **financial privacy** of American citizens. This approach reflects a strategic focus on fostering innovation while ensuring robust **regulatory oversight** in the rapidly evolving landscape of digital finance.