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The Latest Breaking News from Patrick McHenry

Trump nominates cryptocurrency advocate Paul Atkins as SEC chair

President-elect Donald Trump says he intends to nominate cryptocurrency advocate Paul Atkins to chair the Securities and Exchange Commission

The Independent UK

Taiwan wants to join the IMF to get financial protection from China

Taiwan is making a longshot push to join the International Monetary Fund

The Independent UK

GOP Rep. wants to gift Trump NC votes

Md. Rep. Andy Harris said North Carolina should award Trump electors because of Hurricane Helene

Salon

From analysis to the latest developments in health,
read the most diverse news in one place.

Key Takeaways From House Grilling Of 'Destructive, Lawless' Gary Gensler

Members of the U.S. House Financial Services Committee on Tuesday criticized SEC Chair Gary Gensler for his leadership that initiated an ongoing three-year crackdown on digital assets.

International Business Times

Lawmakers press SEC for crypto airdrop clarity

House members Tom Emmer and Patrick McHenry are demanding answers from SEC Chair Gary Gensler on the regulator's stance over token airdrops amid increasing scrutiny of the SEC's enforcement-first approach toward digital assets.

International Business Times

Lawmakers Investigate Crypto Nemesis Gary Gensler For Suspected Hiring Favoritism

Three Republican lawmakers are in hot pursuit of Gary Gensler over the SEC's alleged hiring practices that spell favoritism after email correspondence with a SEC director indicated that he may have been hired due to his political affiliation.

International Business Times

House's Bipartisan Support For FIT21 Should Be 'Wakeup Call' To Senate, Says McHenry

The support of 71 Democrats who voted Yes for FIT21 should be a "wakeup call" to senators and push them to also pass the bill so the digital assets can finally have a regulatory form, Rep. Patrick McHenry said.

International Business Times

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House Passes Bill Blocking US Central Bank From Issuing 'Detrimental' CBDC

Following a sweeping vote to pass FIT21, the House has now passed H.R. 5403, which effectively bans the U.S. central bank from issuing a CBDC that Republican members believe might be used by the government to surveil the financial activities of the American public.

International Business Times

The House prepares for a historic crypto vote as the political tides shift

The House is poised to advance the comprehensive FIT21 bill today, which would establish a regulatory framework for the blockchain sector.

Fortune

House Republicans demand FDIC chairman resign after toxic workplace report

"Mr. Gruenberg, you have become the Michael Cohen and Harvey Weinstein of the FDIC. You need to go."

Axios

Kill Bill: Biden Administration Vows To Veto Resolution Overturning Controversial SEC Bulletin

President Joe Biden will veto a resolution passed Wednesday by the House that strikes down the SEC's SAB 121, which requires crypto custody service providers to hold customer's digital assets on their balance sheets.

International Business Times

Gensler Dodges ETH Question, Says Crypto A 'Small Piece' Of Overall US Financial Market

Gensler, seemingly unmoved by calls for him and the SEC to be held accountable for "misleading" statements regarding Ether's status as a security or a commodity, once again dodged a direct question regarding the world's second-largest cryptocurrency.

International Business Times

Toxic culture is the norm at the FDIC, outside review cites 500 employee complaints

A law firm investigation of the FDIC documents a toxic workplace culture where hundreds of employees complained of sexual harassment, discrimination and other misconduct.

WEKU

Crypto Users Demand SEC, Chair Accountability Over 'Misleading' ETH Stance; Congress Sets Hearing

Under increasing pressure over the revelation that Gensler's SEC had viewed Ether as a security before it refused to answer Congress regarding the matter, the House Committee on Financial Services has scheduled a hearing on SEC enforcement next week.

International Business Times

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International Business Times

Crypto-friendly Lawmaker Seeks Chairmanship Of House Financial Services Committee

Rep. Hill of Arkansas, a known crypto-friendly lawmaker, has joined the list of Republicans looking to replace the chair of the House Financial Services Committee.

Top News

North Carolina Primaries Signal Potential Shift In House Delegation

North Carolina primaries to reshape U.S. House delegation with redistricting changes and key races.

Salon

GOP worries they have nothing to run on

"We keep doing the same stupid stuff," Rep. Chip Roy, R-Texas, said on the House floor last week

Chicago Sun-Times

Congressional leaders announce an agreement on spending levels, a key step to averting shutdown

Money is set to lapse Jan. 19 for some agencies and Feb. 2 for others. The agreement is separate from the negotiations to secure additional funding for Israel and Ukraine.

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Fortune

Coinbase, Andreessen Horowitz, Circle among heavyweight donors committing $78 million to new crypto PAC

The PAC has already deployed almost $300,000 for its chosen congressional candidates, with Rep. Patrick McHenry netting the most cash so far.

Fortune

The House version of the Warren-Marshall anti-money laundering crypto bill has hit a McHenry-sized obstacle

Rep. Sean Casten is struggling to find a co-lead for his version of the Warren-Marshall bill.

The Independent UK

North Carolina Rep. McHenry, who led House through speaker stalemate, won't seek reelection in 2024

North Carolina Rep. Patrick McHenry won't seek reelection to the U.S. House next year after all

Reason

Both Parties Agree: It's the Government's Business Whether You Invest in Chinese Companies

Some, like Rep. Patrick McHenry (R–N.C.), advocate a more measured approach.

Ballotpedia

Supreme Court takes up cases challenging Chevron

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the environmental, social, and corporate governance (ESG) trends and events that characterize the growing intersection between business and politics.

Chicago Sun-Times

House chooses speaker — Rep. Mike Johnson of Louisiana has Trump’s backing

Republicans hope electing Johnson will unite their fractious majority and end weeks of chaos by elevating a little-known conservative to one of the highest seats of U.S. power.

France 24

Republican withdraws bid for House speaker hours after winning internal nomination

Republican Rep. Tom Emmer abruptly abandoned his bid to become House speaker Tuesday, withdrawing within hours of winning the internal party nomination after Donald Trump objected and hardliners refused to support him for the gavel.

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