Patrick McHenry Appointed Vice Chairman of Ondo Finance Advisory Board
Patrick McHenry has joined Ondo Finance as Vice Chairman of the Advisory Board, focusing on asset tokenization, particularly for traditional assets like US Treasuries. His role will involve guiding policy issues and communicating Ondo's interests to Washington policymakers.
- McHenry previously served as chair of the House Financial Services Committee.
- He opposed former SEC Chair Gary Gensler’s regulatory approach and worked on a stablecoin framework with Rep. Maxine Waters.
- Since leaving Congress in January, he has also engaged with Stripe and Andreessen Horowitz.
- McHenry emphasizes technology and innovation in his new private sector role.
Other former lawmakers are entering the crypto space. Coinbase recently appointed former Sen. Kyrsten Sinema and Chris LaCivita for advisory roles to navigate regulatory challenges without engaging in lobbying.
- Coinbase's advisory team includes notable figures like Bill Dudley and Luis Alberto Moreno.
- The team aims to leverage political networks to support crypto expansion.