With Mike Johnson being re-elected as Speaker of the US House of Representatives, a leadership picture that could be influential on crypto regulation has taken shape.
Louisiana Representative Mike Johnson retained his seat as House Speaker with the support of his Republican colleagues in a vote Friday.
In the presidential election, Johnson was elected to office in the first round by receiving a minimum of 218 votes. However, he said that in order to achieve this success, he had to convince South Carolina Representative Ralph Norman and Texas Representative Keith Self, who initially voted for other candidates.
Johnson previously supported the Financial Innovation and Technology for the 21st Century Act (FIT21) and voted against legislation supporting central bank digital currencies (CBDCs).
Instead, Massie voted for Minnesota Representative Tom Emmer, a longtime cryptocurrency industry supporter and Republican Caucus Chief, who also expressed support for Johnson.
While he has not spoken out publicly on cryptocurrency issues, Johnson is seen as a friendly figure to the industry, having previously backed the bill known as the “Financial Innovation and Technology for the 21st Century Act” (FIT21) and a bill against central bank digital currencies (CBDCs).
Johnson’s re-election as chairman and Emmer’s continued role as House Disciplinary Chief suggest that crypto-friendly members of Congress will be in a strong position to shape crypto regulations in 2025, he said.
Stay tuned