House’s Patrick McHenry Won’t Seek Reelection, Costing Crypto a Top Ally: Politico

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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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