Rep Patrick McHenry, the U.S House Financial Services Commission is believed to be pro-crypto. However, he never claimed the same publicly.
During a Coinbase event on March 20, 2024, Patrick McHenry highlighted that the stablecoin bill is getting close to being ready for a House vote despite recent interruptions in Congress.
This indicates a bipartisan effort and an essential foundation in the legislative process for digital currency.
McHenry notes that the chance of such legislation succeeding has grown dramatically in recent months. He has also expressed his “optimism” that Congress would pass the legislation in 2024 to provide regulatory clarity for digital assets.
He adds, “I think we have a couple of opportunities before the election to see real policy.”
“If we talked about this in November to today, the odds are better that things will get done,” said McHenry. “We’ve got more opportunities now, and that’s not a normal thing for an election y
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