On Friday afternoon local time, Trump-backed Republican Representative Mike Johnson received enough votes to be re-elected as House Speaker. Johnson is considered a crypto-friendly figure, having previously voted in favor of the 21st Century Financial Innovation and Technology Act (commonly known as FIT21) and the Anti-Central Bank Digital Currency (CBDC) Act. Johnson's re-election and Emmer's continued tenure as the majority whip mean that crypto-friendly members of Congress are likely to push ...
Due to Trump's support for cryptocurrencies and the Republican Party's control of both houses, the process of approving crypto bills should be smoother.