Former House Financial Services Committee Chairman Says Crypto Industry Missed Opportunity for Regulatory Clarity

Odaily reports: Former House Financial Services Committee Chairman Patrick McHenry stated that the crypto industry missed its opportunity to secure regulatory clarity, failed to accept viable compromises, and ultimately failed to advance comprehensive regulatory legislation. He also acknowledged that he bears responsibility for the outcome.

The Digital Asset Market Clarity Act (CLARITY Act) passed the House in 2025 by a vote of 294 to 134, but a procedural vote in the Senate in September 2026 failed 49 to 50, leaving the bill stalled. After the 2026 midterm elections, Democrats won control of both chambers of Congress, and the bill's prospects now face changes. (Bitcoin.com News)