Republicans nominate crypto advocate Tom Emmer for Speaker of the House

1 year ago

Republicans successful Congress person selected Tom Emmer, 1 of Congress’ foremost cryptocurrency advocates, arsenic their nominee for Speaker of the House connected Oct. 24.

Emmer, presently serving arsenic the bulk whip, faces a challenging way to unafraid the position, arsenic a last ballot connected his information wrong the House inactive lies ahead. Furthermore, determination are suggestions that helium lacks the enactment of erstwhile U.S. President Donald Trump, who inactive enjoys beardown enactment among right-wing conservatives.

The House Speaker’s spot has been vacant for 3 weeks pursuing the removal of Kevin McCarthy earlier this month. During this period, 2 candidates, Steve Scalise and Jim Jordan, person fallen abbreviated successful their attempts to unafraid the position.

One of the lawmakers who ran for the position, Jack Bergman, posted connected X (formerly Twitter):

“The House needs to elite a Speaker – and Republicans request to get to work. We person nary clip to waste. As I said earlier the vote, I’ll enactment our Speaker Designate connected the House floor. We shouldn’t permission until we are assured we person 217 votes.”

Emmer is simply a salient advocator for the cryptocurrency manufacture wrong Congress. Over the past years, helium has championed assorted crypto-related bills, including a measure that prohibits the issuance of cardinal slope integer currencies (CBDCs), and different that restructures the Securities and Exchange Commission’s (SEC) backing mechanisms.

The station Republicans nominate crypto advocator Tom Emmer for Speaker of the House appeared archetypal connected CryptoSlate.

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