Patrick McHenry Doubts an Anti-Crypto Bill Can Pass the Incoming Democratic House

Former House Financial Services Committee Chairman Patrick McHenry said he doubts an anti-crypto bill could clear the incoming Democratic-majority House, arguing the new Congress is more pro-crypto than those seated six and eight years ago. The retiring North Carolina Republican, who led the committee through the last Congress, pointed to a broader shift in lawmakers' familiarity with digital assets as a reason restrictive legislation faces an uphill path. He also said he sees enough support for a credit card rate cap to pass, signaling room for consumer-finance measures alongside crypto debates. The comments matter because control of the House will shape which digital-asset bills reach the floor and how aggressively skeptics can push back. What to watch next is whether pro-crypto Democrats and Republicans can assemble a bipartisan coalition to advance market-structure legislation despite the narrower margins.