[Pro-crypto Representative French Hill Re-elected, Expected to Lose Chair of House Financial Services Committee] According to a report by Cointelegraph on November 6th, Republican Representative French Hill, who supports the crypto industry, won re-election in Arkansas's 2nd Congressional District, defeating Democratic challenger Chris Jones. With the Democrats gaining control of the House of Representatives in the midterm elections, Hill is expected to lose his position as chair of the House Financial Services Committee. Hill introduced the CLARITY Act and voted for the GENIUS Act. The report, citing Reuters, states that the committee's current ranking Democrat, Maxine Waters, is the leading candidate to succeed him as chair. Fairshake, a crypto-industry-supported political action committee, pledged $1 million to support Hill's re-election.