House Republican leaders on Thursday choose Rep. French Hill (R-Ark.) to lead the House Financial Services Committee in the 119th Congress, as it completes its selections for committee chairs.

Hill was selected to lead the Financial Services panel, over Reps. Andy Barr (R-Ky.), Frank Lucas (R-Okla.) and Bill Huizenga (R-Mich.), according to two sources in the room of leaders who made the decision. Hill won on the second ballot after Lucas dropped off on the first ballot, one source said.

The powerful Financial Services Committee provides oversight of the Federal Reserve, Wall Street, and cryptocurrency — a major area of interest for the incoming Trump administration. Hill has become known as a knowledgeable source on cryptocurrency and led a bill to regulate digital assets.

The current House Financial Services Committee chair, Rep. Patrick........

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