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Crypto Regulation

McHenry Doubts Anti-Crypto Bill Can Pass Democratic House

Former House Financial Services Committee chair Patrick McHenry said he doubts an anti-crypto bill can pass the incoming Democratic-majority House, arguing the new Congress is more pro-crypto than those of six and eight years ago. He also said he sees votes for a credit card rate cap.

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AI take

McHenry's read matters less as a whip count than as a signal about where the crypto policy center of gravity now sits: the argument is that the incoming Democratic caucus is itself more pro-crypto than earlier ones, which would blunt the appetite for restrictive legislation regardless of who holds the gavel. That reframes the risk for the sector from a hostile majority to a narrower question of whether the chamber's composition actually shifts the floor. The credit card rate cap comment is a separate thread worth watching, since it hints at where financial-services energy may go instead.

Generated by AI for reference only.

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