Core Insights - ProCap BTC has appointed Jeb Hensarling as a Senior Advisor, who will provide strategic counsel to the executive team [1][2] - Hensarling's experience includes serving as a Congressman and Chairman of the House Financial Services Committee, where he advocated for free markets and market-driven solutions [2][3] - ProCap BTC aims to leverage Bitcoin to democratize finance and improve the financial lives of 1 billion people [5] Company Overview - ProCap BTC, LLC is a modern financial services firm that has raised over $750 million from investors in traditional finance and the Bitcoin industry [5] - The company has entered into a Business Combination Agreement with Columbus Circle Capital Corp I to create ProCap Financial, Inc. [5] - ProCap Financial aims to offer products and services designed to enhance financial opportunities globally [5] Leadership Background - Jeb Hensarling served in the U.S. Congress for eight terms and held key leadership positions, including Chairman of the House Financial Services Committee [3][4] - Before his congressional career, Hensarling worked in financial services and energy industries and practiced corporate and real estate law [4] - He has also served on the boards of various organizations and is an economics fellow at the Cato Institute [4]
Former Chairman of the House Financial Services Committee Jeb Hensarling joins ProCap BTC as Senior Advisor