Posted 12/4/2023, 1:12:00 PM
McHenry Pushes Crypto Bills Through House, But Senate Roadblocks Loom
- Rep. Patrick McHenry (R-N.C.) is pushing crypto bills through Congress, stall occurred when he temporarily served as Speaker
- As chairman of the House Financial Services Committee, he has made regulating stablecoins and overseeing crypto markets his mission
- Got bipartisan committee votes on bills, despite opposition from senior Democrat Rep. Maxine Waters
- Compromise stablecoin bill with Waters was close before reportedly being throttled by Biden administration
- House approval likely but would still need to get Senate on board, where there's little interest so far