Patrick McHenry Accepts Partial Responsibility for Stalled U.S. Crypto Market Structure Legislation

Former U.S. House Financial Services Committee Chairman Patrick McHenry said he shares some responsibility for the failure to advance market structure legislation, adding that the crypto industry missed its best opportunity to pass it. According to Odaily, McHenry discussed why the Clarity Act stalled, shortcomings among crypto industry participants and lawmakers, and how the industry should prepare for Democrats to take control of Congress in January.