Crypto-Friendly Congressman Patrick McHenry Temporarily Assumes Role As US House Speaker
Portfolio Pulse from Benzinga Neuro
Patrick McHenry, known for his crypto-friendly stance, has temporarily assumed the role of US House Speaker after Kevin McCarthy was ousted by Congress. McHenry is recognized for his opposition to the SEC's regulation-by-enforcement approach towards cryptocurrency. However, his tenure might be short-lived as a vote for a new House Speaker is scheduled for October 11.
October 04, 2023 | 6:10 am
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The temporary appointment of a crypto-friendly House Speaker could potentially influence the regulatory environment for cryptocurrencies, including Bitcoin.
Patrick McHenry's appointment as House Speaker, even if temporary, could potentially influence the regulatory environment for cryptocurrencies. As he is known for his opposition to the SEC's approach towards cryptocurrency, this could potentially lead to a more favorable environment for cryptocurrencies, including Bitcoin.
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