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All 435 seats in the U.S. House of Representatives will be up for grabs in the 2024 election, with the future of crypto bills in the House Financial Services Committee uncertain.
Representative Patrick McHenry, chair of the United States House Financial Services Committee and a proponent of many pieces of crypto-focused legislation, will be retiring from Congress.
In a Dec. 5 statement, McHenry said he would not seek reelection to the U.S. House of Representatives and is expected to leave Congress in January 2025. He will have served for 20 years as a representative at the time of his departure, having been sworn in in January 2005.
“This is not a decision I come to lightly, but I believe there is a season for everything and — for me — this season has come to an end,” said McHenry. “There are many smart and capable members who remain, and others are on their way. I’m confident the House is in good hands.”
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