The Pomp Podcast

#1563 Patrick McHenry | Washington Is Finally Embracing Bitcoin?!

38 snips
Jun 16, 2025
Patrick McHenry, former chairman of the House Financial Services Committee and Vice Chairman at Ondo Finance, discusses the evolving landscape of cryptocurrency regulation. He highlights how Bitcoin is gaining traction among lawmakers and the need for authentic engagement in the political sphere. The conversation touches on innovative advancements, such as Bitcoin credit cards and ETFs, and the fusion of traditional finance with blockchain. McHenry emphasizes the importance of education, credibility, and adapting to the future of digital assets.
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INSIGHT

Bitcoin Infiltrates Washington and Wall Street

  • Bitcoin has crossed the threshold from niche to mainstream in both Washington and Wall Street. - Politicians now follow their constituents' growing enthusiasm for Bitcoin and digital assets.
ANECDOTE

Ethics Restricted Bitcoin Ownership

  • Patrick McHenry couldn't own Bitcoin while legislating due to ethics rules. - This limited his personal experience but didn't stop him from guiding digital asset legislation.
INSIGHT

Elections Influence Crypto Regulation

  • The political election shaped regulatory attitudes toward crypto profoundly. - Biden's administration is notably the most pro-crypto presidency seen to date.
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