CLARITY Act Could Mirror Telecom Act, Patrick McHenry Says

Former House Financial Services Chair Patrick McHenry argues the proposed CLARITY Act could reshape U.S. financial regulation similar to the 1996 Telecommunications Act, providing regulatory certainty for digital assets whilst creating consumer protections and enforcement tools. McHenry frames the bill as breaking 30 years of crisis-driven regulation by proactively building a future financial system. If you're building in crypto or digital assets, you're about to move from regulatory limbo to a defined rulebook—the first serious one in 30 years. The window to shape those rules before they're locked in is closing; McHenry's backing means this is no longer a fringe proposal.