Text: French MP Hill to “confront the nation with Margaret Brennan”, July 13, 2025

Here is a copy of an interview with French MP Hill, the Republican of Arkansas, which was broadcast on “confronting the nation with Margaret Brennan” on July 13, 2025.

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Margaret Brennan: We are now going to a member of the French Congress Hill. He is the head of the Financial Services Committee in the House of Representatives. Welcome again to broadcast. Your ears should be ringing with the members of the Senate who started the program, because they were talking about seizing some of these frozen Russian origins. It has reported a draft law and gave the main authority to actually seize it during the recent administration, under the Ribo Law. The United States has not previously acquired the origins of the central bank from another country. Do you know if the Treasury Ministry will do that now?

representative. French Hill: Well, Margaret, it’s good to be with you. Yes, I definitely worked hard with the former Chairman of the Board of Directors of Foreign Affairs Mike McCall and others to put this in the 2024 National Security package during the Biden administration, because we wanted another share in the president’s quarrel not only the seizure of these assets, but to turn it into the advantage of Ukraine. However, we were unable to obtain consensus between the United States and Europe to do so, despite the unanimous vote from the Parliamentary Assembly of the Council of Europe that support it. So I continued to urge President Biden to do so. We got the benefit of those frozen assets in favor of Ukraine, but I believe that the time has come for the president to convert those seized assets into a reckoning account in favor of Ukraine. I am pleased to hear Blumenthal and Graham to support this idea. It is time to do so, and I encouraged the Secretary Bessent to be a priority for President Trump.

Margaret Brennan: On another topic, because you have some supervision in the financial space, I would like to ask you about the comments made regarding the Federal Reserve Chair, Jerome Powell. The president says the economy is in good condition, but he still complains about the Central Bank president, he says he is doing a terrible job because he does not reduce interest rates. On another network today, the best economist’s economist said that the White House is looking into whether the president has the authority to shoot at the Powell president. Do you think the president has power and power to dismiss the Federal Reserve Speaker?

representative. Hill: You know, Margaret, I don’t, and I think President Trump has spoken of this several times over the past few years, including recently. The governor of Mr. Powell, his presidency, has ended next spring. President has vacancies in the Federal Reserve, where he can name another ruler. But only look because Congress has established the federal reserve and that we believe that it should be independent in the position of monetary policy, as this does not mean that it is fortified of criticism. And every president since World War II had words of the option of the Federal Reserve Car Chair when he was not in conjunction with the direction of the president. So see, Congress continues to take control. A special work squad has been established to supervise decisions at the Federal Reserve Bank since the 2008 financial crisis. We have this investigation, review and supervision, and we will continue to do so.

Margaret Brennan: I think you acknowledge that most presidents may have words behind closed doors, not on social media on a regular basis, a member of Congress. But on encryption, I want to ask you. Crypto was the wild West, rightly, in many ways, because they do not have the same type of regulation in the area of digital assets in which banks and financial services are located. You have some measures coming this week.

Margaret Brennan: How do you make sure, when you put these regulations in place, it becomes more prevalent help, and it also does not benefit some of the black market, for example, who use this evasion of censorship?

representative. Hill: Exactly. Well, to work in the Senate led by Bill Hajari, Tim Scott and Sinthia Lomes on the Genius Act to create a dollar -backed Stablecooin, we have strongly affected this legislation throughout the two years of previous work by the House of Representatives, and the extent of our existence, which presents the road bases, what is security, what is security, and the extent of its use. These are the rules that will protect consumers, and will limit access to our markets and investors from entities outside the United States who are trying to influence the encryption markets. We have nothing of this day. What we have is the inconsistency of the rules by enforcement in the Biden administration, and I believe that the bills that we will do in the home hall this week will protect investors and consumers, make America, as President Trump wants a pioneer in financial technology, innovation of encryption and digital assets.

Margaret Brennan: You know, sir, that anxiety is that this is the Zanjar, the protection of consumers without an actual muscle behind it. It was interesting to see, and many Americans carrying real estate loans have noticed that Fanny and Faridi Mac who buy and sell mortgages, that the head of the agency, the Federal Housing Agency, Bill Polly, told them that they would have to prepare a proposal to review the encryption as the original in mortgage applications.

Margaret Brennan: Given the share of the huge taxpayers in Fanny, Freddy, are you comfortable with people who use encryption, which is not, as you know, tangible in several ways, to pay the price of a batch offered at home?

representative. Hill: Well, see Bitcoin, for example. One can now buy bitcoin. It is a commodity. It has been determined as a commodity by CFTC and SEC. One can keep it in their brokerage account with a trading product for exchange, ETF, ETP. It is now an advantage of millions of Americans, and it can certainly be treated with a cup, bond or money as a contribution to the net net value of a person to qualify for a real estate loan. And if we pass this week, which I expect we will do on the basis of the two parties, and we are making the dollar -backed Stablecooin, such as the genius that Senator Hajar is provided, and we will not have the road rules. The consumer application yard will not be. The enforcement of the real consumer and the protection of the investor will be-

Margaret Brennan:-The batch provided to a house-

representative. Hill: -Before CFTC, SEC, bank and bank organizers. Well, see again. Bitcoin is one of the assets. You can determine whether you think it will increase value or decrease in value, just like stocks, bonds, or other investments that people enjoy in their financial statement to secure their financial statement for clear purposes for clear value purposes or for liquidation to get a premier. So, I think it is a financial balance. Our bills will make one safer, and I think all families and companies are better.

Margaret Brennan

I am out of time, so I will have to leave it there. Thank you, a member of Congress. We will return.