North Carolina Representative Patrick McHenry, chair of the United States House Financial Services Committee and a proponent of many pieces of crypto-focused legislation, will be retiring from Congress.

In a Dec. 5 statement, McHenry said he would not seek re-election to the U.S. House of Representatives and is expected to leave Congress in January 2025. He will have served for 20 years as a representative at the time of his departure, having been sworn in January 2005.

“This is not a decision I come to lightly, but I believe there is a season for everything and — for me — this season has come to an end,” said McHenry. “There are many smart and capable members who remain, and…

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