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Patrick McHenry

Does Patrick McHenry Support Crypto?

Based on previous comments, Patrick McHenry has indicated they are very pro-cryptocurrency. Below you can view the tweets, quotes, and other commentary Patrick McHenry has made about crypto.

Document a missing stance Patrick McHenry has taken on crypto
profile picture of Patrick McHenry

Former US Congressperson in the 10th district of North Carolina

3 January, 2023 - 3 January, 2025
Republican

Links

https://x.com/PatrickMcHenry
https://mchenry.house.gov
Voted for a bill on 2024-05-23
Somewhat Pro-Crypto
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
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Took stances on a bill between 2024-04-30T00:00:00.000Z and 2024-05-22T00:00:00.000Z
Bill Name
FIT21
Details
This bill establishes a comprehensive regulatory framework for digital assets, assigning primary jurisdiction over "digital commodities" to the CFTC and "restricted digital assets" to the SEC. It defines key terms like "digital asset," "digital commodity," and "permitted payment stablecoin," and creates a mechanism for digital assets to transition from securities to commodities upon achieving sufficient decentralization. The legislation also outlines registration requirements for various digital asset intermediaries and mandates studies on decentralized finance and non-fungible digital assets.
Timeline
2024-05-22
Very Pro-Crypto
Voted for - Final Passage Out Of House
2024-04-30
Very Pro-Crypto
Cosponsored
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Voted for a bill on 2024-05-08
Very Pro-Crypto
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
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Sponsored a bill on 2023-07-20
Very Pro-Crypto
Bill Name
Clarity for Payment Stablecoins Act of 2023
Details
This bill, titled the "Clarity for Payment Stablecoins Act of 2023," establishes a comprehensive federal and state regulatory framework for payment stablecoin issuers. It defines stablecoins, mandates 1:1 backing with liquid assets, requires regular audits and disclosures, and outlines licensing processes for both bank and non-bank entities. Crucially, it clarifies that compliant payment stablecoins are explicitly not securities under existing law and places a two-year moratorium on new "endogenously collateralized stablecoins."
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