US Congressman Patrick McHenry believes that the next internet technology revolution will be based on Bitcoin and blockchain. He advocates for cryptocurrencies, particularly Bitcoin, as a game-changer that could redefine the financial landscape. McHenry warns that without sound regulation and continuous innovation, the US risks falling behind in the dynamic and rapidly advancing crypto economy. The quest for lucid regulation of the crypto industry in the US remains underway, with McHenry emerging as one of the prominent voices championing this cause. While Bitcoin occupies the highest echelon of the digital asset market, other cryptocurrencies continue to encounter regulatory hurdles and have yet to fully secure the regulators’ nod.