Rep. French Hill is jumping into the race to be the next chair of the House Financial Services Committee. 

The Arkansas Republican, who has been friendly toward crypto, is looking to chair that committee, replacing current Chair Patrick McHenry, R-N.C. McHenry, who announced his plans to retire at the beginning of 2025. 

PunchBowl News first reported the news on Sunday. 

“Rep. Hill has been visiting with his colleagues about the possibility of seeking the House Financial Services chairmanship since Chairman McHenry announced he is not seeking reelection,” said Brooke Nethercott, Hill’s communications director, in an emailed statement to The Block. “Drawing on these conversations, as well as his four decades of public and private sector experience in financial services, …