Republican Representative Patrick McHenry of North Carolina has announced that he will not seek re-election in 2025, at the end of his term. This decision has sparked reactions from various individuals, including Ava Labs President John Wu and Bloomberg Intelligence's Nathan Dean, who believe that his departure will be a setback for the crypto industry, as McHenry has been a strong ally for crypto on Capitol Hill. The departure has also prompted others to announce their candidacy for McHenry's seat, including former Acting Speaker Patrick Harrigan and a former Green Beret. McHenry's retirement has been described as a loss for the crypto industry's influence in Congress, despite his inclusion in CoinDesk's #MostInfluential2023 list for his efforts in crypto legislation.
.@PatrickMcHenry is a driving force in Congress for crypto legislation, showing unmatched persistence despite partisanship. That's why he's one of CoinDesk's #MostInfluential2023: https://t.co/cRXCXnCu9o https://t.co/ROSJphTWzE
Rep. @PatrickMcHenry’s departure is another loss for crypto’s standing in Congress, even as it changes little in practical terms. @the_postman_ reports https://t.co/t5UX2wu0Zi
Rep. Patrick McHenry Announces Retirement, Adding to Congressional Exodus https://t.co/OhwWCsGtre
Leaving on a high note? Rep. Patrick McHenry made the NYTimes' list of most stylish people. Apparently for his bow ties. https://t.co/BFJwzgiFZb
Democrat Laments Departure of GOP’s Patrick McHenry: ‘Reasonable’ People Leaving, Giving Way to ‘Divisive, Chaotic’ Members https://t.co/471L0A0iyo
Former Green Beret announces run for Rep. Patrick McHenry’s seat https://t.co/R7IMosMgh8
Republican Rep. Patrick McHenry won't seek re-election as congressional exodus expands https://t.co/sD6NnPWRGB
ICYMI: Crypto-friendly Rep. Patrick McHenry won’t be seeking re-election https://t.co/sxta8K6wlW
Republican Rep. McHenry slated to retire at end of term https://t.co/YrgzMrCvjf
Democrat Laments Departure of GOP’s Patrick McHenry: ‘Reasonable’ People Leaving, Giving Way to ‘Divisive, Chaotic’ Members https://t.co/471L0zZKIQ
North Carolina Rep. Patrick McHenry Will Not Seek Reelection https://t.co/IEctfCqzip
Hours after former Acting Speaker Patrick McHenry announced he will not run again, Republican Pat Harrigan releases a video declaring his candidacy: “God has placed a calling on our lives to enter the political arena.” https://t.co/U6qV3plGUz
Former Green Beret announces run for Rep. Patrick McHenry’s seat https://t.co/tJtjUwl5sR
"It's a temporary setback," says Ava Labs President John Wu on Patrick McHenry's retirement. The North Carolina Republican’s departure will be a blow for the crypto industry, which has counted the lawmaker as one its most powerful allies on Capitol Hill https://t.co/iTYyjR5Bya https://t.co/dasMOLA6nf
House Financial Services Chairman Patrick McHenry plans to retire when his term ends in January 2025. Bloomberg Intelligence's Nathan Dean says crypto loses a big ally with his retirement https://t.co/Y3BZs3CM4H https://t.co/ugK2MmiFzZ
Democrat Laments Departure of GOP's Patrick McHenry: 'Reasonable' People Leaving, Giving Way to 'Divisive, Chaotic' Members https://t.co/471L0zZKIQ
Crypto-friendly Rep. Patrick McHenry won't be seeking re-election https://t.co/Pjqjo9Gglk
Crypto-friendly lawmaker Patrick McHenry is to retire from Congress in 2025. https://t.co/ApatG5BndI
McHenry is surrounded by members on the House floor like Reps. Bice, Wittman, Cammack, Blake Moore following news he won’t seek re-election