Crypto-Friendly Congressman McHenry Temporarily Takes Over U.S. House

Crypto-Friendly Congressman McHenry Temporarily Takes Over U.S. House

Crypto-friendly Rep. Patrick McHenry (R-N.C.) has landed in the driver’s seat of the U.S. House of Representatives just as legislation to establish digital-asset regulations nears a finish line there.
While House Republicans seek a permanent replacement for their just-ousted Speaker of the House Kevin McCarthy (R-Calif.), McHenry will serve as McCarthy’s temporary replacement. The chairman of the House Financial Services Committee has been hard at work since last year on a number of crypto bills, and having McHenry in a leadership role over the entire House can’t hurt their progress.