There will come a time when a new president is elected. When that time comes, it might be appropriate to ask whether crypto will affect that decision.
North Carolina Representative Patrick McHenry may have used his virtual appearance at a cryptocurrency conference as a soapbox to call for votes in the 2022 United States midterm elections.
In a prerecorded message for the attendees of the Converge22 conference in San Francisco on Sept. 29, McHenry suggested that the goal of a “clear regulatory framework” for digital assets could drive U.S. lawmakers to develop legislation.
“To ensure that these technologies flourish here in the United States, we need to provide regulatory clarity to the digital asset ecosystem,” said McHenry. “This will be one of my top priorities if I become chair of the House Financial Services Committee next Congress.
McHenry seemed to suggest that by voting to have Republicans take control of the House, he would prioritize policies for crypto users. At the time of publication, 221 representatives in the House caucus with the Democrats, while Republicans hold 212 seats. The slim majority in both the House and Senate has many experts suggesting that Republicans have a chance to flip both chambers in the November 2022 Midterms i.
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