Mmastodon WorldUS Politics first seen 1 d ago, last 22 h ago, peak #1
McHenry says crypto industry had its chance to legislate
Original: Former House Financial Services Chair Patrick McHenry says the crypto industry "had an opportunity to legislate". Could'
Former House Financial Services Chair Patrick McHenry remarked that the crypto industry "had an opportunity to legislate". The comment drew pushback online, with critics noting that lawmaking is Congress's job, not an industry's, and accusing McHenry of blurring the line between regulators and the sector they oversee. The remark comes amid ongoing US debate over crypto market regulation.
Why now: His remark suggesting an industry could legislate struck people as a lapse in understanding Congress's role, prompting ridicule in crypto and politics circles.
Patrick McHenryUS House Financial Services Committeecrypto industryUS Congress
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Evidence
- Former House Financial Services Chair Patrick McHenry says the crypto industry "had an opportunity to legislate". Could've sworn that was Congress's job. # USpolitics # USpol # crypto # cryptocurrency · molly0xfff@hachyderm.io · 189
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