Former Congressman Joins a16z: Is This the Crypto Comedy of the Year? 😂

Well, well, well! Look who’s back in the game! Former Congressman Patrick McHenry, the man who spent his last few years in politics waving the crypto flag like it’s a parade, just announced he’s joining the venture capital circus known as a16z as a senior adviser. 🎪

In a post that could only be described as “I’m not done yet!” on X, McHenry declared, “For too long, D.C. has created barriers for startups and emerging companies. It’s time to level the playing field and ensure that Little Tech — the next generation of builders — gets a fair shot.” Little Tech? Sounds like a new superhero team! 🦸‍♂️

After a glorious 20-year stint in Congress, McHenry decided to retire in January 2025. But don’t worry, he’s not going quietly into that good night! No, he’s become the loudest cheerleader for cryptocurrency this side of the Potomac! 🎉

He even co-sponsored the Financial Innovation and Technology for the 21st Century Act (FIT21). If that bill passes, it’ll be like giving a kid a candy store — more regulatory clarity for digital assets and a sprinkle of consumer protection! 🍭 And let’s not forget his push for a bill to regulate stablecoins. Because who doesn’t love a good stablecoin debate over dinner? 🍽️

And oh boy, did he have a showdown with former SEC chairman Gary Gensler! McHenry accused Gensler of “knowingly misleading Congress” about Ether (ETH). Talk about a family feud! “Regulation by enforcement?” More like “Regulation by who can shout the loudest!” 📢

A16z, the Silicon Valley powerhouse, is like the cool kid in school, investing in all the trendy tech companies. They’ve thrown money at Airbnb, Coinbase, Facebook, and even that weird thing called Oculus. And let’s not forget their $70 million contribution to the crypto-focused Fairshake super PAC. That’s a lot of dough! 💰

Fairshake’s mission? To help elect pro-crypto candidates in the 2024 election. And guess what? They spent around $130 million and got about 270 pro-crypto candidates elected to Congress! It’s like a crypto party in D.C.! 🎊

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2025-02-26 22:17