Crypto Ally Rep. Tom Emmer Seeks House Speaker Role, Could Advance Crypto-Friendly Agenda

Crypto-friendly Rep. Tom Emmer is pursuing nomination for House speaker role.

Emmer has been endorsed by multiple lawmakers and is seen as a frontrunner.

As speaker, Emmer could be beneficial for the crypto sector given his pro-crypto stance.

Current interim Speaker Patrick McHenry lacks power to push legislation forward.

Emmer has opposed SEC's regulation by enforcement approach and Chair Gary Gensler.