cyrpto blockchain, exlawmaker, firms, lands, McHenry, Patrick, Procrypto, roles, top Mark February 28, 2025 0 Comments

Pro-crypto ex-lawmaker Patrick McHenry lands roles at top blockchain firms

Patrick MCHENRY, former president of the Chamber’s Financial Services Committee, has joined three companies focused on the crypto since his pivot of the development of politicians.

The former member of the Republican Congress was hiring As vice-president of the Ondo Finance Advisory Council that the protocol aims to move more real assets on blockchain networks.

Ondo Finance is a chain protocol that uses cryptographic technology to allow trade for real world assets such as US Treasury bills on decentralized places such as Ethereum. According to Defillama, Ondo has almost a billion dollars in tokenized asset deposits.

The former pro-Crypto chief, Patrick MCHENRY, launches roles in the best blockchain companies-1 — Ondo Finance TVL – February. 28 | Source: Defillama

The private sector catches the pro-Crypto Patrick MCHENRY

Cryptographic companies have brought in former decision -makers while preparing for regulatory changes in Washington.

Less than two months after the start of President Donald Trump’s administration, the US Securities and Exchange Commission has changed its approach to cryptography proceedings, and a sub-comity of the Senate banks highlighted stablescoins as a key area of regulation.

The agency has abandoned several measures to apply the law against companies such as Coinbase, while the Senate subcommittee, led by Cynthia Lummis friendly, friendly, has been pressure for the bipartisan Stablecoin invoice.

Hearing today’s subcommittee on digital assets, @Enlummis Apart from the importance of the Act on Engineering, bipartite legislation that would establish a clear regulatory framework for stablecoins.

Look ⬇️ pic.twitter.com/exxojestvn

– Banking committee of the American GOP Senate (@bankinggop) February 27, 2025

Until now, the message is clear – Trump’s administration plans to introduce new cryptographic regulations to support industry and encourage broader participation. In response, companies have turned to political veterans to help position themselves for this change.

MCHENRY spent 20 years at the Congress and led a key committee focused on digital asset legislation. During his mandate, he was a vocal critic of the former president of the SEC, Gary Gensler, and of the agency’s aggressive regulatory approach.

Despite the difficult political landscape within the framework of the previous administration, Mchenry worked with the Democratic representative of the Maxine Waters Chamber in a Stablecoin setting.

His retirement from Congress officially started in January, but he quickly went to the private sector. Until now, Mchenry has joined the Stripe payment processor, the venture capital company Andreessen Horowitz and the Ondo Finance.