House Republican McHenry Plans to Retire at the End of This Term
- House Republican rose to prominence as caretaker speaker
- Lawmaker says he won’t run for reelection in November 2024
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House Financial Services Chairman Patrick McHenry plans to retire when his term ends in January 2025.
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. He’s backed legislation that many in the sector have supported and that some of his Democratic counterparts have criticized for not being tough enough.