Former Congressman Patrick McHenry has joined venture capital firm a16z as a senior adviser after retiring from politics in 2025.
Appointment at a16z
On February 26, Patrick McHenry announced through an X post that he has been appointed as a senior adviser at a16z, advocating for dismantling barriers for startups in Washington, D.C.
Supporting Cryptocurrency
In the latter years of his political career, McHenry became a vocal supporter of cryptocurrency. In 2023, he co-sponsored the 'Financial Innovation and Technology for the 21st Century Act,' aiming to improve digital asset regulation and consumer protection.
Achievements and SEC Conflict
McHenry engaged in disputes with former SEC chairman Gary Gensler over the classification of Ether as a security, criticizing the commission's regulatory approach. He also served as the Chair of the House Financial Services Committee.
McHenry's appointment at a16z strengthens the connection between venture investments and the cryptocurrency sector, promoting industry growth and regulation.
