Does Patrick McHenry Support Crypto?

Patrick McHenry

@PatrickMcHenry

Massive, bipartisan vote for the CLARITY Act. We have real momentum behind the effort to build a regulatory framework for digital assets in the US. Thank you to @RepFrenchHill, @RepBryanSteil, @CongressmanGT, & @RepDustyJohnson for their work.

Financial Services GOP

@FinancialCmte

H.R. 3633, the CLARITY Act, by Chairman @RepFrenchHill, passed the House 294 to 134.

2025-07-17T19:30:27.000Z

2025-07-17T22:58:42.000Z

Patrick McHenry

@PatrickMcHenry

Big, bipartisan vote for the GENIUS Act. A hugely important step for crypto. Congratulations to @SenatorHagerty, @SenLummis, @gillibrandny, @MarkWarner, & the other bipartisan leaders of this effort. Their work made today’s vote possible.

Senator Bill Hagerty

@SenatorHagerty

Today, on a bipartisan basis, the Senate passed its first piece of major legislation this Congress with my bill -- the GENIUS Act. With GENIUS, the United States is one step closer to becoming the crypto capital of the world. (1/7)

2025-06-17T21:24:10.000Z

2025-06-17T23:39:33.000Z

Analysis on Stance

@DTSIBot
submitted some AI-generated analysis

Excellent news! The Senate's bipartisan passage of the GENIUS Act is a significant win for the crypto industry. This bill, championed by Senator Hagerty and other leaders, aims to position the United States as a global leader in the digital asset space. The strong bipartisan support demonstrates growing recognition of crypto's potential and the need for a clear regulatory framework. This is a major step forward in creating a regulatory environment that fosters innovation while protecting consumers. I applaud all involved in this effort, and I'm particularly encouraged by the emphasis on making the US a "crypto capital of the world." This signals a shift towards embracing the transformative power of digital assets.

Patrick McHenry

@PatrickMcHenry

As a policymaker, I focused my work on modernizing financial markets and positioning the US as the global leader in digital asset innovation. I look forward to continuing that work as part of the team at @OndoFinance.

Leo Schwartz

@leomschwartz

I spoke with former House Financial Services chair Patrick McHenry about his new role at Ondo Finance and his optimism for stablecoin legislation fortune.com/crypto/2025/02…

2025-02-28T14:04:08.000Z

2025-02-28T16:37:23.000Z

Analysis on Stance

@DTSIBot
submitted some AI-generated analysis

Patrick McHenry, a staunch advocate for sensible crypto regulation during his time in Congress, has joined Ondo Finance. This move underscores his commitment to fostering innovation within the digital asset space. His focus on modernizing financial markets and establishing the US as a leader in crypto aligns perfectly with Ondo's work in decentralized finance. This is a powerful signal of support for the industry, and I'm particularly encouraged by his optimism regarding stablecoin legislation. Well-crafted stablecoin regulations are crucial for broader crypto adoption, offering the benefits of digital assets while mitigating volatility. I'm hopeful that McHenry's expertise and influence will help shape a regulatory landscape that encourages responsible innovation and protects consumers.

Patrick McHenry

@PatrickMcHenry

It’s only taken 4 days for @realDonaldTrump and his team to undo the damaging policies that targeted #crypto over the last 4 years. Still work to be done but this is a great start. Credit to Commissioner @HesterPeirce and @USRepMikeFlood for their tireless work to highlight the disaster that was SAB 121.

Hester Peirce

@HesterPeirce

Bye, bye SAB 121! It's not been fun: SEC.gov | Staff Accounting Bulletin No. 122

2025-01-23T22:56:04.000Z

2025-01-24T15:59:56.000Z

Patrick McHenry

@PatrickMcHenry

The outgoing Biden Admin continues to ignore the will of Americans with partisan 11th hour rulemakings. Today, it’s an assault on the digital asset ecosystem. The bipartisan Keep Innovation in America Act is the solution for a comprehensive tax framework for crypto brokers.

Financial Services GOP

@FinancialCmte

American innovation is essential to our global competitiveness, economic growth, and consumer protection. Today, Treasury issued another attack on digital assets with its “broker” rulemaking.

2024-12-27T18:35:19.000Z

2024-12-27T20:55:52.000Z

Patrick McHenry

@PatrickMcHenry

The mere fact that the U.S. now has a crypto and AI “czar” reflects the impact of @FinancialCmte. The era of regulation by enforcement is over. With folks like David Sacks and Paul Atkins, the future of the digital asset ecosystem in the U.S. is brighter than ever.

2024-12-06T14:40:50.000Z

Patrick McHenry

@PatrickMcHenry

Paul Atkins has the expertise and experience needed to restore faith in the SEC. I’m confident his leadership will lead to clarity for the digital asset ecosystem and ensure U.S. capital markets remain the envy of the world.

2024-12-04T18:18:03.000Z

Patrick McHenry

@PatrickMcHenry

Chair Gensler will leave the SEC with less authority, independence, and credibility. I hope the next SEC Chair will provide clarity for digital assets, facilitate capital formation, and ensure American capital markets remain the envy of the world.

2024-11-22T14:59:25.000Z

Patrick McHenry

@PatrickMcHenry

Today, we celebrate the 16th anniversary of the Bitcoin White Paper. Innovators, entrepreneurs, and developers are building the financial infrastructure of the future. Their work is bringing Satoshi's vision is closer than ever to reality.

2024-10-31T17:31:13.000Z

Patrick McHenry

@PatrickMcHenry

I look forward to being in Nebraska to address @USRepMikeFlood's Flyover Fintech conference. Under Republican leadership, @financialcmte has pursued a pro-innovation agenda from digital assets to AI to technology-based avenues to expand access to capital and credit.

Rep. Mike Flood

@USRepMikeFlood

I am excited to announce that @FinancialCmte Chairman @PatrickMcHenry will address Flyover Fintech in October.

2024-08-23T16:26:28.000Z

2024-08-23T19:03:42.000Z

Patrick McHenry

@PatrickMcHenry

I welcome @SenSchumer’s interest in digital asset legislation to protect consumers and foster innovation. The House has done its work by passing the bipartisan #FIT21 with 2/3rds voting in support back in May. Senate action on digital asset market structure is long overdue.

2024-08-15T14:07:44.000Z

Patrick McHenry

@PatrickMcHenry

The President’s veto weakens protections for consumers in digital asset markets and upends decades of custody rules. By rejecting the bipartisan consensus of Congress, the Administration is doubling down on its failed approach. Senate action on #FIT21 is more urgent than ever.

Financial Services GOP

@FinancialCmte

It’s extremely disappointing @POTUS vetoed the SAB 121 CRA. This ignores multiple bipartisan votes, which sent the Administration a clear message its approach to digital asset policy is misguided. Congress will continue fighting for regulatory clarity for digital assets.

2024-05-31T23:43:50.000Z

2024-06-01T00:10:51.000Z

Somewhat Pro-Crypto

Voted for a bill on May 23rd, 2024

Bill Name

CBDC Anti-Surveillance State Act

Details

To amend the Federal Reserve Act to prohibit the Federal Reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes.

Vote Type

Final Passage Out Of House

Add your own analysis on this bill

Took stances on a bill between Apr 30th, 2024 and May 22nd, 2024

Bill Name

FIT21

Details

Financial Innovation and Technology for the 21st Century Act

Timeline

Apr 30th, 2024

Very Pro-Crypto

Cosponsored

May 22nd, 2024

Very Pro-Crypto

Voted for - Final Passage Out Of House

Patrick McHenry

@PatrickMcHenry

It is past time for Congress to provide clear rules of the road for the digital asset ecosystem. The American people deserve legislation to ensure consumer protection and allow innovation to thrive in this country.

Watch my remarks in support of the bipartisan #FIT21 Act

https://t.co/s386IrCRlI

Financial Services GOP

@FinancialCmte

#WATCH: Chairman @PatrickMcHenry delivers remarks on the House floor in support of #FIT21: "FIT21 will cement the United States’ global leadership in technological innovation, invention, and adoption." Read more

Watch his remarks

2024-05-22T19:10:05.000Z

2024-05-22T19:32:00.000Z

Patrick McHenry

@PatrickMcHenry

We appreciate your support, @mcuban. Digital asset policy shouldn't be partisan, and I hope today's #FIT21 vote will reflect that.

Mark Cuban

@mcuban

I think this is just the start of the shift. @PatrickMcHenry. Make the call to the WH and lead the change !

2024-05-22T17:43:39.000Z

2024-05-22T18:24:18.000Z

Patrick McHenry

@PatrickMcHenry

This week, the House is taking a monumental step towards providing regulatory clarity for the U.S. digital asset ecosystem. The Financial Innovation and Technology for the 21st Century Act will spur innovation and secure consumer protections for market participants. #FIT21

Financial Services GOP

@FinancialCmte

To date, the U.S. digital asset ecosystem has been mired by uncertainty and regulation by enforcement. Congress has the chance to provide the robust consumer protections and regulatory clarity needed to foster innovation here in America by advancing #FIT21.

2024-05-21T14:30:06.000Z

2024-05-21T15:21:01.000Z

Patrick McHenry

@PatrickMcHenry

For too long, the U.S. digital asset ecosystem has been plagued by regulatory uncertainty that stifled innovation and left consumers unprotected. #FIT21 will cement American leadership of the global financial system and bolster our role as an international hub for innovation.

Financial Services GOP

@FinancialCmte

BREAKING: House to consider the Financial Innovation and Technology for the 21st Century Act. #FIT21 will deliver robust consumer protections and regulatory clarity for digital asset markets.

2024-05-10T19:20:17.000Z

2024-05-10T19:38:25.000Z

Voted for a bill on May 8th, 2024

Bill Name

SAB 121 House Joint Resolution

Details

For congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to "Staff Accounting Bulletin No. 121". This staff accounting bulletin expresses the views of the staff regarding the accounting for obligations to safeguard crypto-assets an entity holds for platform users.

Vote Type

Final Passage Out Of House

Patrick McHenry

@PatrickMcHenry

#ICYMI: New court filings indicate that @SECGov Chair Gary Gensler knowingly misled Congress when pressed on the classification of #ETH at a @FinancialCmte hearing to conduct oversight of his agency.

Read my full statement

2024-04-30T14:35:55.000Z

Patrick McHenry

@PatrickMcHenry

Reports indicate @GaryGensler is moving to unilaterally classify #ETH as a security. This is contrary to the @CFTC's assessment and the @SECgov's prior actions. Congress decides the SEC's jurisdiction and budget, Chair Gensler doesn't get to make it up as he goes along.

Financial Services GOP

@FinancialCmte

#WATCH: Chairman @PatrickMcHenry demands Chair Gensler share his views on #ETH. After publicly defining #Bitcoin as a commodity multiple times, @GaryGensler's response:

Watch Chairman McHenry grill Gensler on his contradictory views on digital assets

2023-04-18T15:00:04.000Z

2024-03-20T20:46:11.000Z

Patrick McHenry

@PatrickMcHenry

Chair Gensler’s enforcement team’s egregious misconduct will have broad implications on SEC authority beyond his crypto crusade. Gensler requested more funding for enforcement last year, now a judge calls out the SEC’s abusive and deceptive legal practices. This must end.

Financial Services GOP

@FinancialCmte

@GaryGensler’s SEC continues its losing streak in the courts. A judge has ruled against the SEC in the DEBT Box case—imposing sanctions on the Commission for acting in bad faith. This is one of the most alarming examples yet of Gensler’s abuse of power.

2024-03-18T22:35:32.000Z

2024-03-19T01:03:11.000Z

Patrick McHenry

@PatrickMcHenry

There is bipartisan agreement SAB 121 undermines consumer protection and leaves customers' digital assets vulnerable. I look forward to getting this measure across the finish line to overturn it. Thanks to @USRepMikeFlood, @RepWileyNickel, and @SenLummis for your leadership.

Rep. Mike Flood

@USRepMikeFlood

Chair @GaryGensler’s SAB 121 has virtually blocked banks from serving as custodians of digital assets. Today, @RepWileyNickel, @SenLummis, and I introduced resolutions to repeal @SECGov's terrible bulletin. SAB 121’s days are numbered – it’s time for it to go!

2024-02-01T20:13:59.000Z

2024-02-01T21:08:53.000Z

Patrick McHenry

@PatrickMcHenry

#ICYMI This morning, I joined @SquawkCNBC to discuss what’s next for @FinancialCmte, Chair @GaryGensler's failures on crypto, and border funding.

WATCH

https://t.co/HVaMZie7UU

2024-01-25T19:51:32.000Z

Patrick McHenry

@PatrickMcHenry

Today’s spot Bitcoin ETF approvals mark a historic milestone for the future of the digital asset ecosystem. While action to provide clarity and certainty for digital assets remains necessary, the steps taken today are a significant improvement over regulation by enforcement.

Financial Services GOP

@FinancialCmte

#NEW: Chairman @PatrickMcHenry and Digital Assets, Financial Technology and Inclusion Subcommittee Chairman @RepFrenchHill release a statement regarding the @SECGov's spot Bitcoin ETF approvals.

2024-01-10T21:50:05.000Z

2024-01-10T22:58:18.000Z

Patrick McHenry

@PatrickMcHenry

#ICYMI I joined my friend @JasonSaine97th on his show to discuss my retirement, the year in Congress, cryptocurrency legislation, and more.

WATCH

https://t.co/vXxVVLhbqC

2023-12-20T21:30:00.000Z

Patrick McHenry

@PatrickMcHenry

SEC Chair @GaryGensler’s continued refusal to provide clarity for the digital asset ecosystem is shameful. If “the law is clear” in support of his position, why does @SECgov keep losing in court?

Hester Peirce

@HesterPeirce

Commissioner Uyeda and I responded to today's denial of Coinbase's rulemaking petition: sec.gov/news/statement…

2023-12-15T15:54:29.000Z

2023-12-15T21:08:47.000Z

Patrick McHenry

@PatrickMcHenry

#ICYMI: @FinancialCmte advanced legislation to prohibit the @federalreserve from issuing a #CBDC without Congressional approval. Read more on our bill, led by @GOPMajorityWhip, to protect our financial system and the privacy of the American people.

https://t.co/Aj7Fc14jbS

2023-09-25T21:05:48.000Z

Patrick McHenry

@PatrickMcHenry

Joining David Coble on @WSICnews at 11:00 AM to discuss my work to combat the #CCP, protect Americans from a #CBDC, and more.

Tune in

1400 AM / 100.7 FM / 105.9 FM wsicnews.com/vickiesawyer/

2023-09-22T14:58:10.000Z

Patrick McHenry

@PatrickMcHenry

A government issued and controlled Central Bank Digital Currency poses a serious threat to the American people. A #CCP-style CBDC threatens the privacy and civil liberties of Americans & I am fighting to ensure the Fed does not sidestep Congress to issue a #CBDC.

2023-09-20T19:11:50.000Z

Patrick McHenry

@PatrickMcHenry

SEC Chair @GaryGensler's crusade against the digital asset ecosystem is falling apart under scrutiny from the courts. This is yet another example of why a comprehensive regulatory framework, like the FIT for the 21st Century Act, must be made law. coindesk.com/policy/2023/08…

2023-08-29T17:09:03.000Z

Patrick McHenry reposted the post below

Chris Giancarlo

@giancarloMKTS

3 take-aways: 1) @CFTC continues to bring #crypto into regulatory envelope by existing reg process, not just by enforcement, 2) #SRO oversight still key to orderly @CFTC mkts incl. crypto & 3) fits w/intermediated structure of US futures mkts. @Coinbase @brian_armstrong

2023-08-17T14:36:16.000Z

Patrick McHenry

@PatrickMcHenry

#ICYMI: U.S leadership in stablecoins can cement the Dollar's global reserve currency status. Our bipartisan Clarity for Payment Stablecoins Act provides the necessary consumer protections to help this technology achieve its full potential. Read more

wsj.com/articles/stabl…

2023-08-10T15:04:02.000Z

Patrick McHenry reposted the post below

Financial Services GOP

@FinancialCmte

#BREAKING: Chairman @PatrickMcHenry's Clarity for Payment Stablecoins Act passes the Financial Services Committee with BIPARTISAN support. After fifteen months of bipartisan collaboration, this landmark legislation is one step closer to becoming law.

2023-07-28T02:12:16.000Z

Patrick McHenry

@PatrickMcHenry

Americans deserve clarity for payment stablecoins and there has been good faith, bipartisan work to deliver that clarity. Today, Democrats are obstructing this good work at the behest of the White House. The American people deserve better.

Financial Services GOP

@FinancialCmte

Republicans have worked in good faith with RM Waters for more than 14 months on stablecoin legislation. Nothing is being rushed. Unfortunately, Democrats would rather obstruct the Committee than participate in a real debate.

2023-07-27T14:24:55.000Z

2023-07-27T15:13:36.000Z

Patrick McHenry

@PatrickMcHenry

The FIT for the 21st Century Act constitutes an unprecedented joint effort to bring clarity to the digital asset ecosystem. As @FinancialCmte and @HouseAgGOP prepare to consider this measure at our upcoming markups, read the updated text of this historic legislation.

Financial Services GOP

@FinancialCmte

Ahead of this week’s markups, the Financial Services and @HouseAgGOP Committees have released updated text for the FIT for the 21st Century Act. This is the culmination of years of work and unprecedented coordination to provide clarity for digital assets. financialservices.house.gov/UploadedFiles/…

2023-07-25T16:28:55.000Z

2023-07-25T18:21:17.000Z

Patrick McHenry reposted the post below

John Paul Koning

@jp_koning

This is a step forward. Stablecoin credit ratings have debuted via @bluechip_org, with the New York stablecoins (GUSD, BUSD, Paxos) getting the best ratings, and rightfully so, while offshore coins like Tether and TrueUSD have been slapped with the worst ratings.

2023-07-22T17:30:59.000Z

Patrick McHenry

@PatrickMcHenry

The FIT for the 21st Century Act would not have been possible without the leadership of @FinancialCmte members. I applaud @RepFrenchHill, @GOPMajorityWhip, and @WarrenDavidson for their hard work on this unprecedented effort to bring clarity to the digital asset ecosystem.

Financial Services GOP

@FinancialCmte

The Financial Innovation & Technology for the 21st Century Act, introduced by the Financial Services and @HouseAgGOP Committees, provides clear rules of the road so the #digitalasset ecosystem can thrive in the U.S. Read more

2023-07-21T15:15:09.000Z

2023-07-21T19:27:17.000Z

Pending Position

Sponsored a bill on Jul 20th, 2023

Bill Name

Clarity for Payment Stablecoins Act of 2023

Details

To provide for the regulation of payment stablecoins, and for other purposes.

Patrick McHenry

@PatrickMcHenry

If these reports are accurate, @GaryGensler has a lot of explaining to do. An ETF would provide everyday investors with an SEC-regulated product. The only reason for Chair Gensler to oppose is if he wants to kill crypto in the U.S. all together. wsj.com/articles/sec-s…

2023-06-30T20:22:53.000Z

Patrick McHenry

@PatrickMcHenry

I'm glad to see leaders in #NCGA engage seriously with digital asset policy. As Congress develops clear rules of the road for the digital asset ecosystem, NC must continue leading the way by advancing pro-innovation policies at the state level. blockworks.co/news/north-car…

2023-06-30T18:14:49.000Z

Patrick McHenry

@PatrickMcHenry

This discussion draft is a critical first step toward much-needed clarity for the digital asset ecosystem. I encourage the public to provide constructive feedback to help us get this right. Thanks to @CongressmanGT, @RepFrenchHill, and @RepDustyJohnson for your partnership.

Financial Services GOP

@FinancialCmte

#NEW: Chairman @PatrickMcHenry & @RepFrenchHill release a digital asset market structure proposal with @HouseAgGOP Chairman @CongressmanGT & @RepDustyJohnson in an unprecedented joint effort to provide clarity to the digital asset ecosystem. Read more: financialservices.house.gov/news/documents…

2023-06-02T19:30:38.000Z

2023-06-02T19:54:48.000Z

Patrick McHenry

@PatrickMcHenry

Recently, I had the pleasure of speaking with @unc_law students. We discussed my work on data privacy, capital formation, & digital assets. Thanks to the students that joined me for this discussion & thank you to Lincoln County constituent, Kendall Williams, for the invitation.

2023-04-27T12:15:00.000Z

Patrick McHenry

@PatrickMcHenry

Chair @GaryGensler says existing law provides clarity for which digital assets are securities vs commodities. Yet, he refuses to publicly say if the second largest digital asset is a security—despite previously calling it a commodity. How is this clarity?

Watch

2023-04-21T20:03:27.000Z

Patrick McHenry reposted the post below

Financial Services GOP

@FinancialCmte

#WATCH: Chairman @PatrickMcHenry demands Chair Gensler share his views on #ETH. After publicly defining #Bitcoin as a commodity multiple times, @GaryGensler's response:

Watch Chairman McHenry grill Gensler on his contradictory views on digital assets

2023-04-18T15:00:04.000Z

Patrick McHenry

@PatrickMcHenry

For two years, Democrats gave @GaryGensler a pass for his disastrous agenda. It's time for accountability. From his destructive climate disclosure rule to his regulation by enforcement of digital assets, Chair Gensler’s agenda has weakened capital markets & stifled innovation.

Financial Services GOP

@FinancialCmte

Chairman @PatrickMcHenry wasted no time taking @GaryGensler to task at today's hearing. "We have a constitutional duty to conduct oversight of the agencies under our jurisdiction and we will continue to do so aggressively." Read more: financialservices.house.gov/news/documents…

Watch

2023-04-18T14:45:29.000Z

2023-04-18T15:04:29.000Z

Patrick McHenry

@PatrickMcHenry

As @HesterPeirce said: @GaryGensler's "sweeping 'just about every crypto asset is a security' statements also seem to be part of a broader strategy of wishing complete jurisdiction over crypto into existence." Congress delegates authority to the SEC, not the other way around.

2023-02-16T15:08:16.000Z

Patrick McHenry

@PatrickMcHenry

Yesterday's @SECgov action on qualified custodians is clearly part of the Biden Administration's attack on the digital asset ecosystem. Let me be clear: the future of the digital assets is a major political and economic question that must be decided by Congress.

Financial Services GOP

@FinancialCmte

Yesterday's @SECGov proposal on the custody rule for investment advisers raises several concerns – both on process and approach. Once again, @GaryGensler is attempting to unilaterally expand the SEC's authority beyond that granted to the Commission by Congress.

2023-02-16T15:00:41.000Z

2023-02-16T15:08:15.000Z

Patrick McHenry

@PatrickMcHenry

I’m proud to welcome all of our new and returning members to @FinancialCmte. From oversight of the Biden Administration, to enhancing capital formation opportunities, to developing clear rules of the road for digital assets—we have a lot of work to do.

Financial Services GOP

@FinancialCmte

#NEW: Chairman @PatrickMcHenry announces Republican members selected to serve on the Financial Services Committee for the 118th Congress. "The talent and real-world expertise of this group is an embarrassment of riches." Read more: financialservices.house.gov/news/documents…

2023-01-11T20:37:06.000Z

2023-01-11T21:06:24.000Z

Patrick McHenry

@PatrickMcHenry

Chair Gensler wants to push the digital asset ecosystem overseas to "protect" American investors. Instead, Congress must develop a clear, comprehensive regulatory framework in the U.S. to protect Americans AND allow innovation to thrive here at home. finance.yahoo.com/video/sec-gens…

2022-12-07T20:25:24.000Z

Patrick McHenry

@PatrickMcHenry

#ICYMI: The collapse of FTX makes it abundantly clear we need to establish a legislative framework and provide clarity to the treatment of digital assets. We will be holding bipartisan hearings in the @FinancialCmte so we can get the answers Americans and FTX’s customers deserve.

Financial Services GOP

@FinancialCmte

Republican Leader @PatrickMcHenry joined @SquawkCNBC to discuss the Committee's investigation into the collapse of FTX and potential digital asset regulations.

Watch the full interview

2022-11-17T14:42:03.000Z

2022-11-17T20:01:04.000Z

Patrick McHenry

@PatrickMcHenry

When the "cop on the beat" is too busy chasing headlines to do the work of protecting investors—investors get hurt. This is why @FinancialCmte has urged Chair Gensler to focus on the SEC's core mission, while Congress works to provide clear rules of the road for digital assets.

Squawk Box

@SquawkCNBC

"When you mix together a bunch of customer money and borrowing against it, investors get hurt," says @GaryGensler. "This is a very interconnected world in #crypto with a few concentrated players. When markets turned on them it appears that a lot of customers lost money."

2022-11-10T13:15:51.000Z

2022-11-10T22:29:06.000Z

Patrick McHenry

@PatrickMcHenry

As I said last month, reports are not a substitute for legislative clarity. It's clear that Congressional action is the only way to end @GaryGensler's regulation by enforcement, and ensure the digital asset ecosystem can thrive here in the U.S.

Financial Services GOP

@FinancialCmte

The Biden Admin continues to focus almost exclusively on the potential risks posed by digital assets, instead of their opportunities. Continued regulation by enforcement will not provide this ecosystem with the clarity it desperately needs. coindesk.com/policy/2022/10…

2022-10-04T14:47:26.000Z

2022-10-04T17:34:10.000Z

Patrick McHenry reposted the post below

Financial Services GOP

@FinancialCmte

#NEW: RM @PatrickMcHenry on the Biden Administration's digital assets reports: "Reports are not a substitute for legislative clarity. ... We must create a regulatory framework that fosters American innovation, while also protecting consumers." Read more: …publicans-financialservices.house.gov/news/documents…

2022-09-16T13:00:27.000Z

Patrick McHenry

@PatrickMcHenry

The @federalreserve can't move forward with a #CBDC without authorizing legislation from Congress. Before taking action, Congress must work to understand the risks a CBDC could pose to privacy, private sector innovation, and American consumers.

Financial Services GOP

@FinancialCmte

Republican Leader @PatrickMcHenry at today's hearing: "Congress should not rush to issue a #CBDC. Nor should the Fed." Read more: …publicans-financialservices.house.gov/news/documents…

Watch his opening remarks

2022-05-26T17:00:57.000Z

2022-05-26T18:11:17.000Z

Patrick McHenry

@PatrickMcHenry

The regulation by enforcement at @GaryGensler's SEC is stifling American innovation. If the U.S. wants to lead the deployment of the next generation of internet technology, we must provide clear, thoughtful rules of the road for the digital asset ecosystem.

Hester Peirce

@HesterPeirce

@SECGov The SEC is a regulatory agency with an enforcement division, not an enforcement agency. Why are we leading with enforcement in crypto?

2022-05-03T18:10:31.000Z

2022-05-03T19:19:42.000Z

Patrick McHenry

@PatrickMcHenry

#ICYMI: @RepHuizenga and I voiced concerns with the potential impact of recent SEC rulemakings on the digital asset ecosystem. We're demanding @GaryGensler clarify how these proposals would affect #DigitalAssets and give the public more time to weigh in. cointelegraph.com/news/congressm…

2022-04-19T18:25:06.000Z

Patrick McHenry

@PatrickMcHenry

This provision raises serious due process and transparency concerns. It would also grant Treasury the power to prohibit American’s digital currency payments worldwide & allow the Secretary to ban financial institutions unilaterally & indefinitely from dealing in cryptocurrencies.

2022-01-27T18:19:54.000Z

Patrick McHenry

@PatrickMcHenry

It must be Groundhog Day. Democrats are once again using a massive, partisan legislative package to sneak through destructive digital asset policies. First in the infrastructure Investment and Jobs Act, and now in this so-called China competitiveness bill.

2022-01-27T18:19:53.000Z

Patrick McHenry

@PatrickMcHenry

#ICYMI: Last week I spoke to @BreitbartNews about the need to stop the efforts of the Biden Administration & progressive Dems against the growth of digital assets, #cryptocurrencies, & #blockchain. We must encourage innovation, not stifle it. breitbart.com/politics/2022/…

2022-01-25T16:44:13.000Z

…publicans-financialservices.house.gov/news/documents…

Patrick McHenry

@PatrickMcHenry

It's critical that we carefully evaluate the current regulatory environment for digital assets, like #cryptocurrencies, and work to provide additional clarity for innovators. These decisions should be made by Congress, not regulators.

Financial Services GOP

@FinancialCmte

Republican Leader @PatrickMcHenry in a letter to Chair Waters on future hearings on #DigitalAssets: "We must work together to create opportunities that allow these technologies to flourish without stifling them in their infancy."

Read the letter

2022-01-24T20:45:56.000Z

2022-01-24T21:04:10.000Z

Patrick McHenry

@PatrickMcHenry

Congress must work to fully understand and embrace these innovative new technologies, like #crypto. We don’t need knee-jerk reactions by lawmakers to regulate out of fear of the unknown.

Financial Services GOP

@FinancialCmte

Republican Leader @PatrickMcHenry at today's hearing on digital assets: "2021 was the year of the #cryptocurrency." Read more: …publicans-financialservices.house.gov/news/documents…

Watch

2021-12-08T16:36:26.000Z

2021-12-08T17:40:55.000Z

…publicans-financialservices.house.gov/calendar/event…

Patrick McHenry reposted the post below

Financial Services GOP

@FinancialCmte

#LiveNow: Ranking Member @PatrickMcHenry leads Republicans as the Committee holds a hearing with #crypto CEOs to explore the promise of innovation and digital assets to revolutionize our financial system.

Follow along

2021-12-08T15:12:22.000Z

Patrick McHenry reposted the post below

Brian Brooks

@BrianBrooksUS

OCC affirms Brooks-era permissions for banks to handle crypto — sort of theblockcrypto.com/linked/125217/…

2021-11-23T19:30:52.000Z

Patrick McHenry

@PatrickMcHenry

I am proud to lead this initiative to ensure a potential U.S. Central Bank Digital Currency promotes essential American values. Should the U.S. consider adopting a CBDC, it must help maintain our greatest competitive advantage—the dominance of the U.S. financial system.

Financial Services GOP

@FinancialCmte

Committee Republicans, led by Ranking Member @PatrickMcHenry, released principles to guide Congress' evaluation of potential proposals for a U.S. Central Bank Digital Currency. Read more: …publicans-financialservices.house.gov/news/documents…

2021-11-15T19:01:11.000Z

2021-11-16T17:28:04.000Z

Patrick McHenry

@PatrickMcHenry

#ICYMI: On Sunday I joined @FCPwithGreta to discuss the importance of understanding and embracing #crypto and why my bill, the Eliminate Barriers to Innovation Act, will help. Click here to watch

https://t.co/dzibcATo6U

2021-10-06T13:25:42.000Z

Patrick McHenry

@PatrickMcHenry

The U.S. should be a global leader, not a global follower, when it comes to digital assets. My bill, which builds on the great work of SEC Commissioner @HesterPeirce, will help provide the necessary legal certainty to digital asset projects when they launch.

Financial Services GOP

@FinancialCmte

New Bill Alert

Republican Leader @PatrickMcHenry introduces the Clarity for Digital Tokens Act. This bill will help keep #innovation in the U.S. by providing much-needed legal clarity and certainty for digital asset projects. Read more: …publicans-financialservices.house.gov/news/documents…

2021-10-05T16:00:31.000Z

2021-10-05T17:49:29.000Z

Patrick McHenry

@PatrickMcHenry

Why is Congress using an infrastructure bill to write the rules for new #technology? That’s exactly what Democrats are trying to do. The #crypto tax reporting provision in the Senate-passed bill will have long-lasting and harmful implications for #innovation here in the U.S.

2021-09-27T23:19:30.000Z

Patrick McHenry

@PatrickMcHenry

You're exactly right Mayor @FrancisSuarez — China's decision to restrict access presents a perfect opportunity for American leadership on #cryptocurrency.

Mayor Francis Suarez

@FrancisSuarez

China banning Bitcoin is a massive mistake with impacts that will be felt for generations. Their loss is our gain and America can and will lead the future by providing a clean power home for Bitcoin miners and all who are building on/with/for #Bitcoin. wsj.com/articles/china…

2021-09-24T15:45:09.000Z

2021-09-24T18:10:06.000Z

Patrick McHenry

@PatrickMcHenry

This is not the end. This is a public negotiation. If the Senate can’t get it done, we’ll fight it out in the House. #Crypto

2021-08-09T21:42:40.000Z

Patrick McHenry

@PatrickMcHenry

Given the distinct nature of #digital assets—not all of which are financial products—we need to allow time for thoughtful deliberation to get this right. The bipartisan Toomey-Warner-Lummis-Sinema-Portman compromise amendment would have been a good step in this direction.

2021-08-09T20:41:09.000Z