In the video, I discuss the recent ousting of House Speaker Kevin McCarthy and the significant implications this has for the crypto community. Patrick McHenry, a known crypto-friendly figure, has stepped in as Speaker Pro Tempore. This development is crucial because McHenry could have more influence over getting a stable coin bill passed through the House than his previous role as Financial Services Committee Chair. This shift in leadership showcases how cryptocurrency is becoming increasingly prominent in mainstream politics. I also touch on the ongoing battle between the SEC and Coinbase, highlighting how crypto companies are fighting back against regulatory overreach. All these events underline the growing importance of crypto on the political stage, indicating that it’s no longer on the back burner but at the forefront of discussion.
https://www.theblock.co/post/254607/crypto-friendly-rep-patrick-mchenry-becomes-speaker-pro-temp-following-house-speaker-oust?utm_source=twitter&utm_medium=social
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47 Comments
McHenry doesn’t want to be speaker, he’s just a temp and there will be no legislation until a new speaker is voted in
Is not McHenry just a temporary appointment?
Thanks my friend been following since 2020 for many solid reasons! Love your content
Good news!
I could not be more excited about the temporary speaker!
This channel has been FIRST on big news and reliably on a regular basis –
Very much appreciate you
Nice Dan! I see the trends & the timing also! Tides are definitely shifting !
How do we even know he is going to leave the financial service committee? Speaker post is temp
I think you might be understanding the importance of the speakers role because other people are going to want their bills brought forward to be voted on as well so he can use this as leverage to get the votes that are needed and I believe it’s a bipartisan thing anyways so get ready!
Hopefully Gary Gensler is next.
the content i crave
But as house speaker his focus becomes more broad and not as focused on crypto as when he was chairman of the House Financial Services Committee. Now he will spread his energy across a bunch of things. It’s not like he’s gonna add crypto to the agenda now because now he has other areas to focus on. I don’t see it helping.
Just hypothetically, as a mental excercise. What would happen if the President and VP were suddenly un-alived while McHenry was Speaker pro tempore?
McCarthy was pro crypto too ya hammer.
imagine the government preventing a profitable industry from taking off because they dont understand it? thought we were free market capitalist
Yasssss!!!
Nice find
McCarthy is a Rino. Talk a good game and never follow through. That’s a typical democrat.
woohoo!!! Great news
Great content as usual. Were all going look backat these videos as historical moments on how we were so early.🙏🙏
McCarthy is a rino.
🚨BREAKING: Judge Torres has REJECTED the @SECGov’s Motion to Appeal the @Ripple Ruling.
One more loss to Gary Clown 🤡
.You have great content on this channel. I watch your videos and have been thinking about investing in cryptocurrencies lately, but I always don't understand how to even go about it….!!??
HAHAHAHA If you think McHenry is on your or my side, YOU are delusional. That miget is a PUPPET for the people who you DON'T want in charge. Besides, your point is MOOT as McCarthy IS pro- crypto.
>>>>• Great transmission as always, I appreciate the no~nonsense approach you take to the news and the markets. A lot has changed and this is about crypto but the truth is that I don't even care about the bull or bear market anymore because Freya James gat me covered while i'm doing comfortably with 4.5 BTC per month. >>>√√√√
This is huge news and I'm here for it.
Lol weird. So much fuss and chaos. Just approve it already and we can get on with our lives
You should talk about politics. Politics matters to crypto and being silent and pretending you don’t have an opinion is not only cowardly, it doesn’t help the cause. Be bold!
A very big deal I hope!
Are you ever going to make DCA videos of what your doing or is that something you keep
Private ?
Thanks for the crypto updates!
Thanks!!!!!!!!!!!!!!!!!!!!!!!!!
.❤.
Let’s gooooo, Gensler is next.
As someone that follows politics closely. As ANY investor should do. I am happy to see McCarthy gone.
Believing in Bitcoin is believing in an accounting system that can measure the value of real wealth produced. That is money is, it is not wealth.
52 million Americans in crypto ❤
Bitcoin & XMR are only things we need. Atleast until btc phases out xmr with another soft fork
Canada speaker last week. US speaker today lol
Cryptocurrency is just getting started brother. Hope you got in just in time. Not too early. Keep up the great work…🔺🔺🔺
I highly recommended Your channel. Thank you for making the effort every morning and sharing your experience with us. I hope more bullish times will come again soon, then your effort will pay off not only for us, but also for the children, to whom the proceeds go I've gotten $18,539 in my portfolio. Thanks so much Sabrina Ferguson .
good stuff as usual
New lows coming
He wouldn't do what the Maga crazies wanted, thats why he was ousted. Be honest.
The new Speaker is the chairman leading the battle against SEC. If he will be the Speaker, FinServ will be downward spiral. He can’t be the first to subpoena the pos Gensler!
Ow thats why crypto is bleeding 😂
McHenry on temporary until new Speaker selected. He will not be there long enough to move any crypto agenda. Nice thought though.