Patrick McHenry

Patrick McHenry (R-N.C.), known for his crypto-friendly stance, has temporarily assumed the role of US House Speaker after Kevin McCarthy was ousted by Congress. This marks the first time in US history that a House Speaker has been removed from office. What Happened: The removal of Kevin...

Kevin McCarthy (R-Calif) was ousted as speaker of the House, marking the first such instance in U.S. history, in a rebellion spearheaded by the hard-right conservative wing of the Republican party. And former President Donald Trump‘s niece took a sarcastic jibe at his short-lived stint. What...

Rep. Marjorie Taylor Greene (R-Ga.) said there is no clear plan for a successor following the historic ousting of former House Speaker Kevin McCarthy (R-Calif.). What Happened: Greene expressed concern to the media about the lack of interest and support for any...

U.S. Rep. Patrick McHenry (R-N.C.) expressed strong concerns over SEC Chair Gary Gensler's perceived lack of transparency concerning his dealings with FTX (CRYPTO: FTT) and its co-founder Sam Bankman-Fried. During a session with the U.S. House Financial Oversight Committee,...

Republican representatives from the House Financial Services Committee have expressed concerns over the Federal Reserve's recent interventions in the cryptocurrency sector. In a letter addressed to Fed Chair Jerome Powell, Committee Chair Patrick McHenry (R-NC) stated that the Fed...

Rep. Maxine Waters (D-Calif.) on Wednesday expressed concerns about PayPal Holding Inc's (NASDAQ:PYPL) entry into the dollar-pegged stablecoin market, stating that the company should have waited for federal regulatory approval.  What Happened: In a written statement, Waters said, "I am deeply...

Cryptocurrency companies, facing challenges due to increased scrutiny from the U.S. Securities and Exchange Commission (SEC), are intensifying their efforts in Congress to garner backing for legislation that aims to address regulatory concerns and provide clarity for the industry. Several...

Securities and Exchange Commission (SEC) Chair Gary Gensler faces a potential subpoena if the regulator does not deliver information pertaining to the charges filed against Sam Bankman-Fried. House Financial Services Committee Chair Rep. Patrick McHenry (R-NC) and Rep....

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler is set to appear before the House Financial Services Committee on April 18 to face questions regarding his approach to rule-making and digital assets. The SEC chairman’s stance on cryptocurrencies has been a topic of...