McHenry Crypto Bill Would 'Weaken Consumer and Investor Protections', Say Lobbyists

“While other tech has proven its usefulness many times over, crypto's big moment is always just over the horizon," the lobbyists said in their letter.

• 2023-07-13
• American Economic Liberties Project Center for American Progress U.S. House Financial Services Committee crypto regulations Digital Asset Patrick McHenry speculative investment

Crypto: GOP House Financial Services & Ag Committee chairs propose regs

Republican House Financial Services Committee Chair Patrick McHenry and House Agriculture Committee Chair Glenn Thompson unveiled a proposal that would be the first step in regulating cryptocurrencies.

• 2023-06-03
• House Agriculture Committee CFTC Patrick McHenry digital asset Republican members House Financial Services discussion draft Commodity Futures Trading Commission SEC securities laws

McHenry to U.S. SEC: Which Crypto Firms Have Tried to Register?

The U.S. Securities and Exchange Commission (SEC) has so far disregarded congressional requests for information on its interactions with crypto platforms seeking registration as exchanges, according to Republican lawmakers in the House of Representatives, who threatened a hearing if they’re ignored any longer.

• 2023-05-12
• SEC officials Bill Huizenga Gary Gensler Patrick McHenry Republican lawmakers SEC House of Representatives

U.S. House Will Have Crypto Bill in 2 Months: McHenry

AUSTIN, Texas – The U.S. House Financial Services Committee and House Agriculture Committee will put together legislation to oversee the crypto sector in the "next two months" after holding joint public hearings starting May, said Patrick McHenry (R–N.C.), chair of the House Financial Services Committee.

• 2023-04-29
• Cynthia Lummis Patrick McHenry CoinDesk bipartisanship President Joe Biden

Bitcoin reclaims US$30,000, Ether heads higher after SEC’s Gensler grilling; Polkadot leads winners

Bitcoin rebounded above US$30,000 on Wednesday morning in Asia. All top 10 tokens rose after SEC chair Gary Gensler was criticized at a congressional hearing for his approach to digital assets.

• 2023-04-19
• Gary Gensler U.S. Securities and Exchange Commission congressional hearing the SEC SEC Patrick McHenry market capitalization Polkadot Ripple Labs

U.S. Lawmakers Argue SEC Accounting Policy Undermines Safe Crypto Custody

Rep. Patrick McHenry, chairman of the House Financial Services Committee, and Sen. Cynthia Lummis teamed up on a letter questioning regulators about crypto accounting policy.

• 2023-03-03
• Cynthia Lummis balance sheets digital assets government policies Republican lawmakers Patrick McHenry financial firms crypto legislation