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McHenry downplayed concerns about criminal use of crypto, saying cash is still a bigger problem when it comes to illicit finance.

McHenry talks goals for his crypto legacy

House Financial Services Committee Chair Patrick McHenry (R-N.C.) has some big goals before he retires, including enacting stablecoin legislation and setting a legal definition for digital assets.

These have been longtime priorities of the North Carolina Republican, and he emphasized the importance of acting on crypto for his own legacy during a fireside chat Tuesday morning at the Bitcoin Policy Summit.

McHenry, an industry ally, offered conference-goers this list of crypto priorities for the months he has left atop the Financial Services panel:

 

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Punchbowl News Presents

Our new weekly show, Fly Out Day, brings you inside the most consequential decisions shaping Congress with the people at the center of the story. From Hill leadership to Washington’s most-plugged in reporters, join us straight from our townhouse each Thursday evening. Watch the latest episode now.