Patrick McHenry Says Crypto Industry Missed Chance for Regulatory Clarity

Former House Financial Services Committee Chairman Patrick McHenry said the crypto industry missed an opportunity to secure regulatory clarity, failed to accept a workable compromise and ultimately did not advance comprehensive legislation. According to Odaily, McHenry also acknowledged that he shared responsibility for the outcome. The Digital Asset Market Clarity Act, known as the CLARITY Act, passed the House in 2025 by a vote of 294 to 134. A procedural vote in the Senate failed 49 to 50 in September 2026, leaving the bill stalled. Democrats won control of both chambers of Congress after the 2026 midterm elections, changing the bill’s prospects.