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McHenry Calls for Crypto Industry Political Engagement to Protect Against Regulatory Rollbacks
Former House Financial Services Committee Chair Patrick McHenry has stated that the crypto industry must solidify its political influence to ensure protection against potential regulatory reversals. This comes amid shifting political dynamics, with Democrats gaining control of both chambers of Congress, potentially affecting the oversight of cryptocurrency policy in the U.S. McHenry’s comments are seen as a call to action for the crypto industry to engage more actively in the political process to secure favorable regulatory outcomes.