Crypto-friendly Republican Congressman Tom Emmer is actively seeking the nomination for the Speaker of the House position, receiving endorsements from various lawmakers. The move comes after the interim Speaker, Congressman Patrick McHenry, failed to push significant legislation through the House, including bills related to the crypto sector.
Emmer’s pursuit was first brought to light by NBC News reporter Jake Sherman, who revealed that Emmer has expressed his intention to seek the nomination within the House Republican Conference. Currently holding the position of the No. 3 House Republican, Emmer is now considered the frontrunner in this race.
As Emmer vies for the nomination, he has already garnered support from his peers. Congressman Brad Finstad recently released a statement endorsing Emmer for the role, emphasizing the need for a functional Congress that serves the American people.
Notably, Kevin McCarthy, a former Speaker who lost the position earlier in October, has reportedly thrown his weight behind Emmer, citing his ability to unite the party and maintain a majority.
Emmer’s potential ascension to the role of Speaker is seen as a positive development for the crypto community, as he has consistently advocated for digital assets and criticized the regulatory overreach of the Securities Exchange Commission under Gary Gensler’s leadership. If elected, Emmer’s stance could potentially lead to a more favorable regulatory environment for the crypto sector.
