House Republicans to Set up Crypto Committee After Industry Turmoil

U.S. Rep.-elect French Hill (R-Ark.) delivers remarks in the House Chamber during the third day of elections for Speaker of the House at the U.S. Capitol Building in Washington, DC, on Jan. 5, 2023. Win McNamee/Getty Images

House Republicans announced the establishment of a new crypto subcommittee on Thursday that will focus on digital currency following the collapse of crypto exchange firm FTX last year.

Rep. Patrick McHenry (R-N.C.), chairman of the House Financial Services Committee, unveiled the new Subcommittee on Digital Assets, Financial Technology, and Inclusion, along with other subcommittee appointments.