Crypto-Friendly Lawmaker McHenry Assumes Temporary Speaker Role
Crypto-friendly Rep. Patrick T. McHenry (R-N.C.) has assumed the role of Speaker of the House pro tempore following the ouster of Rep. Kevin McCarthy (R-Calif.). The House voted to remove McCarthy amid a power struggle with far-right lawmakers. McHenry, who is also the chair of the House Financial Services Committee, has been active in advancing crypto regulation bills.
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He recently threatened to subpoena SEC Chair Gary Gensler over transparency issues related to the bankrupt crypto exchange FTX. Rep. Tom Emmer (R-Minn.), another crypto-friendly lawmaker, is being considered as a potential permanent Speaker.
Crypto-friendly Rep. Patrick T. McHenry (R-N.C.) has assumed the role of Speaker of the House pro tempore following the ouster of Rep. Kevin McCarthy (R-Calif.).
The House voted to remove McCarthy amid a power struggle with far-right lawmakers. McHenry, who is also the chair of the House Financial Services Committee, has been active in advancing crypto regulation bills.
He recently threatened to subpoena SEC Chair Gary Gensler over transparency issues related to the bankrupt crypto exchange FTX. Rep. Tom Emmer (R-Minn.), another crypto-friendly lawmaker, is being considered as a potential permanent Speaker.
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