WASHINGTON — The 2024 elections reshaped the way members of Congress are thinking about banking and financial policies in the new year, with a number of new crypto-friendly voices joining key committees and reinvigoration for a deregulatory agenda.
A number of prominent banking voices in Congress departed after the 2024 elections. Rep. Patrick McHenry, R-N.C., formerly the chairman of the House Financial Services Committee, and Rep. Blaine Luetkemeyer, R-Mo., both retired from politics, and Sen. Sherrod Brown, D-Ohio, lost his reelection campaign.
The crypto industry also spent a huge amount in politics during 2024, eclipsing all other financial interests in the election, and helped put a number of people in Congress who are likely to support the industry’s interests.
And as Congress returns this week, the Senate Banking Committee and the House Financial Services recently finalized their lists of lawmakers who will sit on those committees, including a number of people with financial industry experience or crypto industry support.
Here are four lawmakers who are likely to be weighty voices in finance and banking in the next Congress.