Republican Patrick McHenry recently said that US crypto legislation could be put together in the next couple of months.
Pro-crypto Congressmen and Senators
Speaking at Consensus 2023 on Friday, Congressman McHenry, who is the chair of the House Financial Services Committee, said that a bill to regulate crypto could be signed by President Joe Biden and passed into law within the next year.
He gave the belief that the legislation could be put together in the next few weeks and commented:
“What we plan to do over the next two months is report a deal out,”
McHenry gave Gary Gensler, chairman of the SEC, a rather torrid time in last month’s House oversight hearing, in which he accused Gensler’s approach to crypto of being “nonsensical” and suggested that Gensler was more focused on enforcement rather than trying to give clarity to the industry.
Another pro-crypto leader on the same Consensus panel as McHenry was Senator Cynthia Lummis. She gave the view that the House was more l
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