U.S. Lawmaker at Center of Crypto Negotiation Predicts Digital Assets Law by Next Year
Summary
Rep. Patrick McHenry stated that the U.S. will have crypto law within a year, citing bipartisan support for the FIT21 Act. He aims to pass the legislation before leaving Congress and believes the lame-duck session may provide the best opportunity. Despite previous setbacks, he is determined to push the bill through. Meanwhile, SEC Chair Gary Gensler's approach to crypto was criticized at the Consensus event, coinciding with the regulator's warning about crypto scams.
