House Speaker Vote Stalls as Jordan Falls Short, Putting Crypto Legislation on Hold
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Ohio Rep. Jim Jordan received 200 votes for Speaker, below the 217 needed. All 212 House Democrats voted for Rep. Hakeem Jeffries.
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With no majority, interim Speaker Rep. Patrick McHenry remains in the role. He cannot advance legislation, including crypto bills.
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Some have called for McHenry, a crypto supporter, to be elected Speaker. He is 3rd in presidential line of succession.
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It is unclear when McHenry will call another vote. Jordan is the Republican frontrunner, though criticized for election falsehoods.
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As committee chair, McHenry led votes on major crypto bills expected to reach the House floor, but are now stalled.