Congressman Patrick McHenry and Senator Cynthia Lummis recently expressed optimism regarding the passage of critical crypto legislation before the upcoming election in November, according to media reports on March 20.
Speaking at a Coinbase event, McHenry highlighted the positive shift in legislative prospects, particularly in the wake of leadership changes within the House Republicans.
According to the MarketWatch report, he added that the removal of Kevin McCarthy as Speaker and the appointment of Mike Johnson has notably facilitated progress on contentious legislation.
McHenry said that Johnson had demonstrated that he could bring legislation into law and cited his role in arranging a spending deal to prevent a government shutdown as evidence of his strengths.
High hopes....
According to the Congressman, there are increased opportunities to pass crypto legislation, which is unusual for an election year. McHenry further stated that he sees a “couple of opportunities” for legislation to become actual policy before elections end.
