- Emmer has previously expressed support for cryptocurrencies.
- Speaker candidate Jim Jordan of the Republican Party lost his bid to become speaker.
Multiple politicians have thrown their support behind 62-year-old Republican Representative Tom Emmer’s bid for the position of House Speaker. Emmer has previously expressed support for cryptocurrencies.
After the first round of voting on October 17, Representative Patrick McHenry has continued to serve in the role on an interim basis. Speaker candidate Jim Jordan of the Republican Party lost his bid to become speaker.
Frontrunner in the Race
Emmer reportedly informed members of the House Republican Conference on October 20 that he would seek the candidacy for speaker, according to a tweet by Jake Sherman of NBC News. This was the first public mention of Emmer’s intention to run for speaker.
Sherman further added:
“The Minnesotan is currently the No. 3 House Republican. He’ll immediately become the frontrunner in this race.”
McHenry’s position as temporary Speaker of the House does not give him the power to advance legislation. As a consequence, several proposals, including those connected to cryptocurrencies, have stuck, underscoring the need for a new speaker. The crypto community as a whole would probably applaud if Emmer were elected Speaker.
Emmer has often advocated for cryptocurrencies and has opposed the United States SEC and its chairman, Gary Gensler, policy of regulation via enforcement.
On October 20th, Rep. Brad Finstad issued a statement endorsing Emmer for speaker. In particular, Republican Representative Kevin McCarthy, who was deposed as speaker on October 4, is said to be on Emmer’s side. Thus, there is widespread backing for Emmer.
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