Close Menu

    Subscribe to Updates

    What's Hot

    US sanctions network aiding North Korean IT workers in targeting crypto companies

    July 9, 2025

    Are Bitcoin treasury companies a new bubble akin to the ICO boom? Critics and industry leaders see similarities

    July 9, 2025

    Aevo unveils platform offering 1000x leverage on select stocks

    July 9, 2025
    Facebook X (Twitter) Instagram
    laicryptolaicrypto
    Demo
    • Ethereum
    • Crypto
    • Altcoins
    • Blockchain
    • Bitcoin
    • Lithosphere News Releases
    laicryptolaicrypto
    Home Pro-crypto ex-lawmaker Patrick McHenry lands roles at top blockchain firms
    Crypto

    Pro-crypto ex-lawmaker Patrick McHenry lands roles at top blockchain firms

    John SmithBy John SmithFebruary 28, 2025No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Patrick McHenry, former chair of the House Financial Services Committee, has joined three crypto-focused companies since his pivot from policymaking.

    The ex-Republican congressman was hired as vice chair of Ondo Finance’s advisory board as the protocol aims to move more real-world assets onto blockchain networks.

    Ondo Finance is an on-chain protocol that uses cryptographic technology to enable trading for real-world assets like U.S. Treasuries on decentralized venues such as Ethereum. According to DefiLlama, Ondo has nearly $1 billion in tokenized asset deposits.

    Pro-crypto ex-lawmaker Patrick McHenry lands roles at top blockchain firms - 1
    Ondo Finance TVL – Feb. 28 | Source: DefiLlama

    Private sector grabs pro-crypto Patrick McHenry

    Crypto companies have been bringing in former policymakers as they prepare for regulatory shifts in Washington.

    Less than two months into President Donald Trump’s administration, the U.S. Securities and Exchange Commission changed its approach to crypto lawsuits, and a Senate Banking subcommittee highlighted stablecoins as a key area for regulation.

    The agency dropped several enforcement actions against companies like Coinbase, while the Senate subcommittee, led by crypto-friendly Cynthia Lummis, pushed for bipartisan stablecoin bill.

    At today’s Subcommittee on Digital Assets hearing, @SenLummis talked about the importance of the GENIUS Act, bipartisan legislation that would establish a clear regulatory framework for stablecoins.
     
    Watch ⬇️ pic.twitter.com/eXXOjeStvN

    — U.S. Senate Banking Committee GOP (@BankingGOP) February 27, 2025

    So far, the message is clear—Trump’s administration plans to introduce new crypto regulations to support the industry and encourage broader participation. In response, firms have turned to policy veterans to help position themselves for this shift.

    McHenry spent 20 years in Congress and led a key committee focused on digital asset legislation. During his tenure, he was a vocal critic of former SEC chair Gary Gensler and the agency’s aggressive regulatory approach.

    Despite the challenging policy landscape under the previous administration, McHenry worked with House Democrat Representative Maxine Waters on a stablecoin framework.

    His retirement from Congress officially began in January, but he has quickly transitioned to the private sector. So far, McHenry has joined payment processor Stripe, venture capital firm Andreessen Horowitz, and Ondo Finance.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    John Smith

    Related Posts

    US sanctions network aiding North Korean IT workers in targeting crypto companies

    July 9, 2025

    Are Bitcoin treasury companies a new bubble akin to the ICO boom? Critics and industry leaders see similarities

    July 9, 2025

    Aevo unveils platform offering 1000x leverage on select stocks

    July 9, 2025
    Leave A Reply Cancel Reply

    Demo
    Don't Miss
    Crypto

    US sanctions network aiding North Korean IT workers in targeting crypto companies

    By John SmithJuly 9, 20250

    Continuing its crackdown on North Korea’s efforts to infiltrate U.S. companies, the Treasury Department has…

    Are Bitcoin treasury companies a new bubble akin to the ICO boom? Critics and industry leaders see similarities

    July 9, 2025

    Aevo unveils platform offering 1000x leverage on select stocks

    July 9, 2025

    South Korea to reclassify crypto firms as startups eligible for tax cuts and other benefits

    July 9, 2025

    LAI Crypto is a user-friendly platform that empowers individuals to navigate the world of cryptocurrency trading and investment with ease and confidence.

    Our Posts
    • Altcoins (621)
    • Bitcoin (30)
    • Blockchain (146)
    • Crypto (9,710)
    • Ethereum (631)
    • Lithosphere News Releases (165)

    Subscribe to Updates

    • Twitter
    • Instagram
    • YouTube
    • LinkedIn

    Type above and press Enter to search. Press Esc to cancel.