The ongoing race for the permanent US House speaker is likely to further delay the progress of cryptocurrency legislation. A tight contest between Rep Steve Scalise of Louisiana and Jim Jordan of Ohio continues, leaving Patrick T McHenry of North Carolina as a temporary Speaker of the House. McHenry is considered friendly towards the crypto industry and heads the House Financial Services Committee. However, he is unable to focus on crypto bills until a permanent Speaker is in place. During the vacancy, his staff may be able to push forward bills, or delegate vice chair of the House Financial Services Committee French Hill.
Uncertainty Over US House Speaker leaves cryptocurrency legislation in Pause!
