Summary
- Former US House Financial Services Committee Chairman Patrick McHenry said Democrats could launch sweeping investigations targeting corporate America beyond the cryptocurrency industry if they regain power in Congress.
- McHenry said that if Democrats take control of Congress again, broad investigations targeting corporate chief executive officers (CEOs) and institutions would begin.
- He said the remark reflected his view that a shift in the balance of power in Congress could lead to broader investigations.
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Former US House Financial Services Committee Chairman Patrick McHenry said Democrats could launch sweeping investigations beyond the cryptocurrency industry and across corporate America if they regain power in Congress.
Crypto in America host Eleanor Terrett said on November 13 that McHenry made the remark while discussing the possibility of Democrats returning to power in Congress.
McHenry said that if Democrats take control of Congress again, broad investigations targeting the crypto industry, corporate chief executive officers and institutions would begin.
The remark reflected McHenry's view that a shift in the balance of power in Congress could widen the scope of investigations going forward.
JH Kim
