Patrick McHenry

Rep. Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, is pushing for a “grand bargain” on stablecoin legislation before the end of the year, aiming to resolve two years of debates in Washington over the regulatory framework for stablecoins. What Happened...

Republican lawmakers from both the Senate and House have called on the Securities and Exchange Commission (SEC) to retract a controversial accounting rule for cryptocurrency assets. What Happened: The rule, known as SAB 121, has become a point of contention in the ongoing regulatory debate around...

In a formal letter to U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, prominent Republican leaders, Tom Emmer (R-MN) and Patrick McHenry (R-NC), are pressing for clarity on the regulatory stance surrounding crypto airdrops. What Happened: The lawmakers argue that the SEC's current...

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, known for his critical stance on the cryptocurrency industry, is now under investigation by Republican lawmakers for allegedly engaging in political favoritism during the SEC's hiring process. What Happened: The investigation,...

U.S. Federal Reserve Chair Jerome Powell is expected to face pressure on interest-rate cuts and bank regulations from members of Congress on Tuesday and Wednesday as he provides his semiannual testimony before both chambers. Sen. Elizabeth Warren (D-Mass.) is anticipated to squeeze Powell on...

Former Speaker of the House Paul Ryan emphasized the importance of stablecoin regulation, advocating for it as a crucial step for the U.S. financial system. What Happened: Ryan believes that passing stablecoin legislation this year could significantly bolster demand for U.S. Treasury securities and...

In an escalation of tensions between Congress and the U.S. Securities and Exchange Commission (SEC), Patrick McHenry (R-N.C.), Chair of the House Financial Services Committee, has openly criticized SEC Chair Gary Gensler for his evasive responses during a congressional hearing. What Happened:...

Efforts to push through U.S. stablecoin legislation by attaching it to an unrelated Federal Aviation Administration reauthorization bill have been halted by legislative leaders. What Happened: The decision to seek a clean bill means the discussion between House Financial Services Committee Chair...

U.S. Rep. Patrick McHenry (R-N.C.) has urged the United States to spearhead Bitcoin (CRYPTO: BTC) innovation, underlining the necessity of understanding the technology to prevent ill-informed policy decisions. What Happened: McHenry, speaking at the Bitcoin Policy Summit in...

Former Speaker Nancy Pelosi (D-Calif.) criticized Republican efforts to bestow greater authority on Speaker Pro Tempore Patrick McHenry (R-N.C.) amidst the Republican caucus’ struggles to elect a new Speaker. What Happened: Pelosi voiced her views in a CNN interview on Thursday...

Rep. Marjorie Taylor Greene (R-Ga.) has publicly voiced her disapproval of the Republican party’s proposal for a temporary House speaker. What Happened: Rep. Jim Jordan’s (R-Ohio) failure to secure the necessary Republican support for House speaker led to the consideration of Rep....

Former House Speaker Kevin McCarthy (R-Calif.) made history as the first congressional member to be voted out of the position in U.S. history The House of Representatives, with its Republican majority, is grappling with endorsing their next Speaker. Now, a former president's name has been...

Republicans are scheduled to meet on Wednesday to choose through a secret ballot a successor to Rep. Kevin McCarthy (R-Calif.) as the Speaker of the House, and Rep. Jim Jordan (R-OHIO) and House Majority Leader Steve Scalise (R-La.) are the top candidates in the fray. Former President Donald Trump...

House Minority Leader Hakeem Jeffries (D-N.Y.) criticized the Republican initiative to evict two senior Democrats from their Capitol offices. What Happened: Jeffries referred to the move to displace former Speaker Nancy Pelosi (D-Calif.) and Rep. Steny Hoyer (D-Md.) as...

In a historic move, Rep. Kevin McCarthy (R-Calif.) was voted out as the Speaker of the House of the U.S. House of Representatives Tuesday with a vote of 216-210. Here’s a look at what happened and the betting odds on who the next Speaker of the House could be. What Happened: On...