News Snapshot:
First things first McHenry said his top priority is to pass and enact legislation on cryptocurrency, data privacy and capital formation. He said he’s working with House leadership to find floor time for landmark crypto bills that would revamp the digital asset powers of the SEC and CFTC and also set up a new legal pathway for stablecoins. McHenry said his biggest challenge on the crypto bills is “politics.” He said Senate Banking Chair Sherrod Brown (D-Ohio) and Sen. Elizabeth Warren (D-Mass.), who have pushed back on his proposals, are leaving consumers worse off. “It’s just a question of getting...
