Republicans in Congress have chosen Tom Emmer, one in every of Congress’ foremost cryptocurrency advocates, as their nominee for Speaker of the Home on Oct. 24.
Emmer, at the moment serving as the bulk whip, faces a difficult path to safe the place, as a ultimate vote on his nomination throughout the Home nonetheless lies forward. Moreover, there are ideas that he lacks the assist of former U.S. President Donald Trump, who nonetheless enjoys sturdy assist amongst right-wing conservatives.
The Home Speaker’s seat has been vacant for 3 weeks following the removing of Kevin McCarthy earlier this month. Throughout this era, two candidates, Steve Scalise and Jim Jordan, have fallen quick of their makes an attempt to safe the place.
One of many lawmakers who ran for the place, Jack Bergman, posted on X (previously Twitter):
“The Home must elect a Speaker – and Republicans have to get to work. We’ve got no time to waste. As I mentioned earlier than the vote, I’ll assist our Speaker Designate on the Home flooring. We shouldn’t depart till we’re assured we have now 217 votes.”
Emmer is a distinguished advocate for the cryptocurrency trade inside Congress. Over the previous years, he has championed varied crypto-related payments, together with a invoice that prohibits the issuance of central financial institution digital currencies (CBDCs), and one other that restructures the Securities and Change Fee’s (SEC) funding mechanisms.
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