News

Ex-Congressman Patrick McHenry Joins A16z as Senior Advisor

Ex-congressman Patrick McHenry, a key crypto advocate in Congress, has joined a16z to further influence the industry.

Feb 26, 2025 • 1 min read

Ex-congressman Patrick McHenry, a prominent voice for crypto during his two decades in Congress, has moved to a16z to continue shaping the industry he once championed.

What’s the scoop?

Crypto Advocacy Continuation: McHenry, who co-sponsored the Financial Innovation and Technology for the 21st Century Act, left a strong pro-crypto mark in Congress.
Bridging Policy and Tech: At a16z, he intends to help navigate the legislative landscape for tech firms, citing his goal to remove bureaucratic hurdles for emerging innovators.
Private-Sector Influence: Although out of office, McHenry could still affect future crypto regulations, especially with growing industry collaboration and his recent advisory role at Stripe.
A16z’s Strategic Move: Bringing McHenry on board may strengthen the firm’s sway in crypto lobbying and policy discussions, given his deep D.C. experience.

Excited to share that I’m joining @a16z as a Senior Advisor! Technology is the future of economic growth, and I’m eager to help innovators navigate the policy landscape so they can build.
— Patrick McHenry (@PatrickMcHenry) February 26, 2025

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

There’s a revolution in the world of money. Ethereum, Bitcoin, crypto, open finance, DeFi—a bankless revolution. And you want part of it.