Former US House Financial Services Chair: 'Congress Aims to Deliver Crypto Legislation to Trump by August'
Summary
- Patrick McHenry stated that the US Congress plans to deliver cryptocurrency-related legislation to President Trump by August.
- He considers this summer as a crucial turning point for cryptocurrency legislation and indicated that legislative activities will intensify.
- McHenry served as the House Financial Services Chair and is currently holding advisory positions in investment.
Former Chairman of the US House Financial Services Committee, Patrick McHenry, has identified this summer as a major turning point for cryptocurrency legislation.
According to The Block on the 29th (local time), McHenry stated in an interview with Bloomberg that "the swift actions of Congress and the White House to deliver cryptocurrency-related legislation to President Donald Trump by August have already begun."
He emphasized, "Now is the time to implement cryptocurrency policy," and "this summer will be a turning point for cryptocurrency legislation, and it will be an incredibly hot legislative summer."
Meanwhile, McHenry served as the House Financial Services Chair from 2023 to early 2025 and is currently an advisor at ONDO Finance and a16z (Andreessen Horowitz).
Suehyeon Lee
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