# Rep Patrick McHenry on Crypto's Big Week in DC

*Author: Ryan Sean Adams, David Hoffman*
*Published: May 21, 2024*
*Source: https://www.bankless.com/rep-patrick-mchenrey-on-cryptos-big-week-in-dc*

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This is a huge week for crypto in DC and we have on Congressman Patrick McHenry to tell us all about it. 

Three big things: 
1) SAB 121 repeal bill going to Biden’s desk - will he let it pass or veto?
2) SEC approve/deny Ethereum ETF - decision due thursday. 
3) House vote on FIT bill you’ve been championing - well talk about that bill.

Stand with Crypto: https://www.standwithcrypto.org/politicians

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## TIMESTAMPS
TIMESTAMPS
00:00 Start
04:05 Introduction to Congressman McHenry
05:11 Crypto in DC Temp Check
07:34 Generational vs Partisan Divide
12:57 Has Biden's Crypto Sentinent Changed?
16:46 FIT 21 Act
20:10 Security vs Commodity
23:18 Startups Becoming Commodities
26:34 Why Should Congress Support?
29:22 Why Patrick Cares About Crypto
33:25 Stablecoin Legislation
35:37 Will Crypto Still Be Under Attack?
38:24 Trump vs Biden Crypto Policies
40:41 How To Get Involved

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## 
RESOURCES

Patrick on X: https://x.com/PatrickMcHenry