The U.S. House of Representatives won’t get back to work on crypto legislation if Republicans can’t unify behind majority choice Steve Scalise – or some alternative – after the party’s ousting of Speaker of the House Kevin McCarthy (R-Calif.) derailed the congressional agenda.
Crypto-friendly Patrick McHenry takes interim House Speaker position
Eight Republicans voted against Republican Representative McCarthy, making it the first time in U.S. history that the House Speaker has been ousted by Congress.
Biden strikes ‘tenative’ U.S. debt ceiling deal: Report
According to a source familiar with the negioation there “might be one or two small things they need to finish.”
Top Republican Touts Blockchain Privacy as Alternative to Regulating Big Tech
U.S. House minority leader Kevin McCarthy has argued for the use of blockchain networks in protecting users’ data from “exploitation.”