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Former U.S. Congressman Patrick McHenry stated that "encryption legislation will usher in a hot summer."
Golden Finance reported, "It is time to advance digital asset policies," said former Congressman Patrick McHenry. He predicted, "This will be a scorching summer of encryption legislation," as lawmakers are rapidly pushing bills to reach President Trump's desk before August. McHenry pointed out, "Leaders on Capitol Hill and in the White House want to legislate on digital assets." According to Politico, Senate Majority Leader John Thune has privately informed Republicans that the Senate plans to vote on stablecoin legislation as soon as possible.