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2026-11-06 15:27 UTC

Patrick McHenry: Crypto Blew Market Structure Chance

Patrick McHenry: Crypto Blew Market Structure Chance

Former House Financial Services Chairman Patrick McHenry told BloombergTV that the crypto industry blew its best chance to pass market structure legislation this year and shares blame for the Clarity Act failure ahead of Democratic congressional control.

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Analysis

Patrick McHenry told BloombergTV that the crypto industry blew its best opportunity to pass market structure legislation, admitting he shares some blame after the Clarity Act stalled when coalitions rejected workable bills in favor of unattainable perfection and now face Democratic control of Congress in January.

Eleanor Terrett

@EleanorTerrett

British-born Fox Business journalist and producer, JMU graduate breaking news with a global perspective.