U.S. House Will Have Crypto Bill in 2 Months: Rep. McHenry

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Rep. Patrick McHenry said the House Financial Services Committee and the Agriculture panel will meet jointly in May as they work on crypto legislation.

,” aimed at creating a regulatory framework for the industry, last year with Sen. Kirsten Gillibrand .

"We are probably going to have a stronger section on national security. You will see a stronger cybercrime aspect to our bill," Lummis said.calls for the federal government to study crypto use cases for illegal activity, including studying how terrorists or other criminals might use cryptocurrencies.U.S. Securities and Exchange Commission Chair Gary Gensler over his refusal to say whether ether , the second-largest cryptocurrency by market cap, is a security.

McHenry also said that crypto's recent role in the U.S. banking crisis, which has left the industry's banking relationships strained, is fair to call"Operation Choke Point 2.0."

 

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