ChainCatcher news, according to Forbes business reporter Eleanor Terrett, former North Carolina Congressman and Chairman of the U.S. House Financial Services Committee Patrick McHenry will join a16z as a Senior Advisor for Technology Policy.

ChainCatcher News, the U.S. House of Representatives voted to remove Speaker McCarthy, making him the first Speaker of the House in American history to be ousted. The House Financial Services Committee Chair Patrick McHenry, who is friendly to cryptocurrency, has been appointed as the interim Speaker of the House. The House will now need to elect a new Speaker, and McCarthy can run for the position again.Since last year, Patrick McHenry has been working on several cryptocurrency bills. A bill that would establish guardrails for U.S. stablecoins and another bill that would create broad rules for the cryptocurrency market have both been approved by the Financial Services Committee and are expected to be submitted for a full vote as early as next month.

ChainCatcher News: Patrick McHenry, the chairman of the U.S. House Financial Services Committee, stated during a hearing on Tuesday that he intends to hold a committee vote on a comprehensive bill in the coming weeks to establish a regulatory framework for cryptocurrency products. He indicated that a proposal is expected to be submitted for the committee's consideration after lawmakers reconvene on July 11.Previous report: U.S. House Financial Services Committee Chairman Patrick McHenry and House Agriculture Committee Chairman Glenn GT Thompson released a legislative discussion draft aimed at providing a statutory regulatory framework for digital asset regulation, offering clarity, filling regulatory gaps, promoting innovation, while ensuring adequate consumer protection. (Source link)

ChainCatcher news, Patrick McHenry, who has been appointed as the next chairman of the House Financial Services Committee, wrote to U.S. Treasury Secretary Janet Yellen, urging for clearer digital asset reporting rules based on a major infrastructure law passed last year, and to delay related compliance requirements. (Source link)