Prospects for a more permanent U.S. House speaker are not looking up, which could kick cryptocurrency legislation further down the road.
The race between Rep. Steve Scalise, R-La., and Jim Jordan, R-Ohio, is tight, as House Republicans gather on Thursday to see if there could be enough votes for Scalise.
The temporary speakership leaves McHenry still holding on to his position as chair of the House Financial Services Committee, but he won't be doing much, including work on crypto bills, until a permanent Speaker is chosen. "For crypto bills in particular, with the pressing situation ahead of us, it doesn’t seem like a.) now is the right time to bring up any crypto bills and b.) It’s probably not going to result in good votes if they bring it up now just given the very hyper partisan tensions right now," Hammond said.
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