Summary
- Patrick McHenry, former chairman of the US House Financial Services Committee, has joined Andreessen Horowitz (a16z) as a senior advisor.
- McHenry co-sponsored legislation proposing to classify digital assets as commodities rather than securities.
- He has worked to develop a bipartisan stablecoin bill through cross-party collaboration.
According to CoinDesk, a cryptocurrency-focused media outlet, Patrick McHenry, former chairman of the US House Financial Services Committee, has joined Andreessen Horowitz (a16z), one of Silicon Valley's largest venture capital firms, as a senior advisor on January 26 (local time).
McHenry previously co-sponsored the Financial Innovation and Technology for the 21st Century Act (FIT21), which proposed classifying digital assets as commodities rather than securities, and collaborated with Maxine Waters, the top Democrat on the House Financial Services Committee, to develop a bipartisan stablecoin bill.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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