*Aug 2021: McHenry + Thompson open letter to Gensler/Behnam: "rather than regulate innovation and job creation out of US, promote active dialogue" — drafted H.R.1602 Eliminate Barriers to Innovation Act — joint SEC/CFTC Working Group on Digital Assets* $GTC $AIN $BEAMX
- *Dec 2022: Reintroduced Financial Services Innovation Act — "critical regulatory process works WITH innovation, not against" — enforceable compliance agreements sandbox modeled on NC — avoid "outdated/unduly burdensome" rules*
- *2023-24 as Chair HFSC: pushed FIT21 / CLARITY — rules of road, not enforcement*
- *May 13 2025 Crypto in America podcast (most recent widely cited): Revealed Gensler private pro-crypto: "Did he come across as anti-crypto in private as public? No... Nope" — "He saw value of crypto assets" — blamed Senate politics/confirmation politics for public crackdown — said under Gensler SEC >100 enforcement actions stalled innovation*
*Now (2026 context):* Gensler out Jan 20 2025, back at MIT teaching fintech/AI — new SEC Chair Paul Atkins + CFTC Chair Michael Selig innovation-friendly — McHenry out of Congress Jan 2025, now advising — his thesis matches current shift: collaboration over punitive — clear guidelines — blockchain as economic driver — exactly what CLARITY tried to codify
So your draft is accurate in spirit, but no fresh CoinDesk piece Oct 4-5 it's his long-standing position that current regulators ARE shifting away from Gensler-style crackdown.
*BREAKING ⚡ McHenry long warned vs Gensler crackdown, pushed innovation focus — Aug 2021 letter: "promote dialogue, not regulate innovation out of US" — May 2025: revealed Gensler pro-crypto in private, Senate politics drove public enforcement (>100 actions) — aligns with current SEC pivot to clear guidelines + economic growth — regulatory easing signal for US market access 📢*
- *Dec 2022: Reintroduced Financial Services Innovation Act — "critical regulatory process works WITH innovation, not against" — enforceable compliance agreements sandbox modeled on NC — avoid "outdated/unduly burdensome" rules*
- *2023-24 as Chair HFSC: pushed FIT21 / CLARITY — rules of road, not enforcement*
- *May 13 2025 Crypto in America podcast (most recent widely cited): Revealed Gensler private pro-crypto: "Did he come across as anti-crypto in private as public? No... Nope" — "He saw value of crypto assets" — blamed Senate politics/confirmation politics for public crackdown — said under Gensler SEC >100 enforcement actions stalled innovation*
*Now (2026 context):* Gensler out Jan 20 2025, back at MIT teaching fintech/AI — new SEC Chair Paul Atkins + CFTC Chair Michael Selig innovation-friendly — McHenry out of Congress Jan 2025, now advising — his thesis matches current shift: collaboration over punitive — clear guidelines — blockchain as economic driver — exactly what CLARITY tried to codify
So your draft is accurate in spirit, but no fresh CoinDesk piece Oct 4-5 it's his long-standing position that current regulators ARE shifting away from Gensler-style crackdown.
*BREAKING ⚡ McHenry long warned vs Gensler crackdown, pushed innovation focus — Aug 2021 letter: "promote dialogue, not regulate innovation out of US" — May 2025: revealed Gensler pro-crypto in private, Senate politics drove public enforcement (>100 actions) — aligns with current SEC pivot to clear guidelines + economic growth — regulatory easing signal for US market access 📢*
