Key facts
- Hill sponsored the CLARITY Act and voted for the GENIUS Act, per the report.
- Stand With Crypto, an advocacy group, gives Hill an A rating and calls him strongly supportive of cryptocurrency.
- Maxine Waters, the committee's ranking member, is the leading contender to replace Hill as chair, according to Reuters reporting.
- Crypto-backed super PACs spent more than $176 million during the election cycle, per the report.
Republican French Hill won reelection in Arkansas' 2nd Congressional District, the Associated Press called on November 5, 2026, defeating Democratic challenger Chris Jones. Hill chairs the House Financial Services Committee and is expected to lose that post after Democrats won control of the House in the November 3 midterm elections.
Hill sponsored the CLARITY Act and voted for the GENIUS Act, and the crypto advocacy group Stand With Crypto gives him an A rating, classifying him as strongly supportive of cryptocurrency. Fairshake, a crypto industry-backed super PAC, pledged $1 million in October to support his reelection campaign as part of efforts to retain crypto-friendly lawmakers.
California Democrat Maxine Waters, the committee's current ranking member, is the leading contender to replace Hill as chair, according to Reuters reporting. Democrats won both chambers of Congress, raising uncertainty over the future of US crypto legislation and the prospect of increased industry scrutiny, the report said. Crypto-backed super PACs spent more than $176 million during the election cycle.