![House's Patrick McHenry Won't Seek Reelection, Costing Crypto a Top Most Influential 2023 Featured Media](https://btcusa.com/wp-content/uploads/2023/12/Houses-Patrick-McHenry-Wont-Seek-Reelection-Costing-Crypto-a-Top-678x381.jpg)
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As McHenry, the chairman of the House Financial Services Committee, continues to shepherd two significant pieces of digital assets legislation toward floor votes in the House of Representatives, his decision could set a clock on getting that task accomplished. Rep. French Hill (R-Ark.), the chair of that panel’s crypto-focused subcommittee, has already indicated that progress on the bills – one to regulate U.S. stablecoin issuers and one to establish rules for the wider crypto markets – will shift into the first months of next year.
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