The timeline for crypto clarity with Ondo Finance Vice Chairman and former Chairman of the House Financial Services Committee Patrick McHenry.

Ondo Finance Vice Chairman and former Chairman of the House Financial Services Committee, Patrick McHenry joins Jennifer Sanasie and Andy Baehr on CoinDesk Live from the Ondo Summit to discuss the rapid shift in U.S. crypto policy and why he believes long-awaited market structure legislation is closer than many expect.
McHenry reflects on how tokenized real-world assets are reshaping global markets, the growing push to harmonize the SEC and CFTC, and why decentralized finance is essential to unlocking crypto’s full potential.
He also weighs in on the stablecoin yield debate, ethics concerns, and makes a bold prediction: a market structure bill could reach the president’s desk before Memorial Day.

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Timecodes:

01:10 - McHenry’s Role at Ondo and the Shift On-Shore
02:21 - The Race for Market Structure Legislation
03:42 - McHenry's Thoughts on CFTC/SEC "Harmonization"
05:43 - DeFi: The Non-Negotiable Core of Crypto
06:53 - Midterms, Ethics, and the Memorial Day Deadline

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This episode was hosted by Jennifer Sanasie and Andy Baehr.