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Congressman Who Called Bitcoin an ‘Unstoppable Force’ to Become House Financial Services Committee Chair

The Breakdown

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CFTC vs Ookey Dow

Patrick McHenry has been one of the more productive politicians when it comes to crypto and fintech policy in general. He helped craft early crowdfunding legislation and more recently took the lead in negotiating the comprehensive legislative framework for stablecoins. While he's been an advocate for encouraging fintech and crypto innovation, his little tolerance for deception, misdirection or performative hearings. On Wednesday we had the first hearing in the case between Ookey Dow and the CFTC. The case sees the CFTC attempting to sue a Dow for operating an unregistered derivatives exchange.

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