It’s always nice to see support from politics for crypto advocates. Support for crypto is growing, especially in American politics. Tom Emmer is probably the biggest crypto supporter in US politics. The Republican Party is currently trying to elect the Speaker of the House of Representatives. What does this mean for the crypto industry?
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Crypto supporter moves to higher position
On Friday, NBC News’ Jake Sherman announced that Emmer is running for president. CBS News Later he confirmed this story.
🚨 BREAKING – Dom Emmer has told House Republicans that he will seek the nomination for Speaker.
Minnesota is currently ranked no. 3 House Republicans.
He will immediately take the lead in this race.
— Jake Sherman (@JakeSherman) October 20, 2023
Why is this so important? The ‘Speaker of the House’ or the Speaker of the House of Representatives sets the agenda and decides which bills are debated and voted on.
This position is considered to be the most powerful position in American politics after the President and Vice President. So this is definitely not a small thing.
Earlier this month A sitting president was voted in, a first in American history. Interim Speaker or Acting President Patrick McHenry, like Emmer, is a crypto supporter. However, he does not have the power to introduce new legislation as a temporary president.
What is Crypto?
Emmer is immediately a major contender for the position, which has already been received with loud cheers by the crypto community. Emmer has often spoken out in support of the crypto industry and has also strongly opposed the policy of the US Securities and Exchange Commission (SEC).
Emmer already has the necessary support from members of Congress. Congressman etc Brad Finstadt expressed his support and called Emmer a mentor and friend. He also spoke about the need for a functioning House of Representatives.
“The American people deserve a Congress that works. I hope my colleagues can come together and hold this election to put the House of Representatives back in order and back to working for the American people.
With Emmer in this position, pro-crypto bills could gain more traction. Emmer can use his influence to push crypto-friendly bills, and the importance of this should not be underestimated.
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