Republican lawmakers are also expected to choose leadership roles for Senate and House committees soon.
Democratic lawmakers have selected ranking members of key committees going into the 119th United States Congress as the party prepares to be in the minority.
In a Dec. 11 notice, Democrats said California Representative Maxine Waters would continue to serve as the ranking member of the House Financial Services Committee into 2025 as the new Congress is sworn in.
The House committee is responsible for legislation and policies affecting the financial services sector, including the cryptocurrency industry.