Crypto Advocate Rep. Emmer Poised to Become House Speaker, Boosting Hopes for Friendlier Cryptocurrency Legislation

Rep. Tom Emmer (R-Minn.) has emerged as the leading contender for House Speaker, which would be a big win for the cryptocurrency industry.

Emmer has been one of the biggest crypto advocates in Congress, serving as co-chair of the Congressional Blockchain Caucus.

Emmer has introduced several crypto bills, criticized the SEC's crackdown, and tried to block the Fed's digital dollar.

Crypto lobbyists see Emmer as a "champion" who can counter critics like Sen. Elizabeth Warren and bring more balance to the debate.

A Speaker Emmer could help ensure the House takes up crypto legislation, which advocates see as the culmination of years of work.