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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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Editorial photos provided by Getty Images. Political ads courtesy of AdImpact.

Presented by Cencora

From accelerating innovation to powering the pharmaceutical supply chain, we reduce barriers to expand access to medications for millions of Americans at sites of care in their communities. Learn more

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