US House Speaker McCarthy removed from office, crypto-friendly congressman Patrick Mchenry temporarily takes over

CoinVoice · 2023-10-04T02:23:03.000Z

CoinVoice recently learned that on October 4, according to CoinDesk reports, the U.S. House of Representatives voted today to remove U.S. House Speaker McCarthy. McCarthy became the first House Speaker to be dismissed in U.S. history. Patrick Mchenry, the crypto-friendly House Financial Services Committee chairman, has been named speaker pro tempore, and the House will then need to elect a new speaker, a position McCarthy could run for again. Patrick Mchenry has been working on several cryptocurrency bills since last year. A bill that would create guardrails for U.S. stablecoins and another that would establish broad rules for the cryptocurrency market both received approval from the Financial Services Committee and are expected to come before the full vote as soon as next month. [original link]

CoinVoice has recently learned that on October 4, according to CoinDesk, the U.S. House of Representatives voted to remove U.S. House Speaker McCarthy today, making McCarthy the first Speaker of the House to be removed in U.S. history. Patrick Mchenry, chairman of the cryptocurrency-friendly House Financial Services Committee, was appointed interim Speaker of the House. Next, the House will need to elect a new Speaker, and McCarthy can run for the position again.
Patrick Mchenry has been working on several cryptocurrency bills since last year. A bill that would establish guardrails for U.S. stablecoins and another that would establish broad rules for the cryptocurrency market have both been approved by the Financial Services Committee and are expected to be submitted to the full committee for a vote as soon as next month. [Original link]