Archive: Patrick McHenry

On Tuesday, Securities and Exchange Commission (SEC) Chair Gary Gensler testified before the House about the SEC’s crackdown on crypto. And it wasn’t pretty. Gensler declined to answer some very direct questions about conflicting and confusing regulations.  House Republicans, including House Financial Services Committee Chair Patrick McHenry, tore into Gensler for the SEC’s unclear and hard line approach. “Regulation by enforcement is not sufficient nor sustainable,” McHenry said. In this episode of…
In the news this week, Facebook undergoes intense scrutiny at two congressional hearings, Curaleaf increasingly dominates the cannabis market and Chinese startups struggle to raise money.
This week, legislators had the opportunity to make progress on key issues surrounding Facebook’s innovative Libra proposal. But too many politicians wasted it.