After sitting Speaker Kevin McCarthy was ousted in a vote by Congress, Patrick McHenry, a pro-crypto lawmaker, became the Interim Speaker of the House, the third most powerful position in the U.S. government.
An influential position
This was the first time that a House Speaker was removed from office in the history of the U.S. government. A vote in Congress that resulted in a 216 to 210 win for the removal of McCarthy, saw McHenry instated in his place.
McHenry’s position is temporary, although there is a possibility that another pro-crypto representative, Tom Emmer, could land the job if he were to express an interest.
Given that the position of House Speaker is such an influential position, only behind that of the President and the Vice President, it is a win for crypto supporters.
McHenry takes Gensler to task
McHenry, as Chairman of the House Financial Services Committee, recently gave anti-crypto SEC Chairman Gary Gensler a tongue lashing in the House over his failure to provi
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