Rep. Bill Huizenga’s election-night deficit is adding uncertainty to the future of the House Financial Services Committee’s digital assets panel, after its chair also lost his seat.

Huizenga, a Republican and the committee’s vice chair, trailed Democrat Sean McCann by more than 7,000 votes, with about 95% of ballots counted. The district had not declared a winner, so Huizenga’s deficit did not settle the race.

Huizenga serves on the committee’s Digital Assets Subcommittee. Its chair, Rep. Bryan Steil, also lost his seat, putting the panel’s leadership and membership in question as a new Congress approaches.

Subcommittee names, responsibilities and membership are set anew for each Congress. That means the current panel could keep its structure, take a new name, have its duties changed or be discontinued.

The election results therefore leave two separate questions: whether Huizenga will return to the House and whether lawmakers will maintain a dedicated digital assets subcommittee.

Riza Dagoc

Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to [email protected].