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Reading: Tom Emmer, Known for His Support Statements for the Crypto Industry, May Run for the Presidency of the US House of Representatives
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COINTURK NEWS > News > Tom Emmer, Known for His Support Statements for the Crypto Industry, May Run for the Presidency of the US House of Representatives
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Tom Emmer, Known for His Support Statements for the Crypto Industry, May Run for the Presidency of the US House of Representatives

In Brief

  • According to news reports in the media during the week, it is claimed that US House of Representatives member Tom Emmer, known for his support statements for the crypto currency industry in the past, has started preparations to run for the Presidency of the House of Representatives. According to the allegations, Emmer has already gained […]
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According to news reports in the media during the week, it is claimed that US House of Representatives member Tom Emmer, known for his support statements for the crypto currency industry in the past, has started preparations to run for the Presidency of the House of Representatives. According to the allegations, Emmer has already gained the support of many House members.

Contents
A First in the Political History of the USPreparations for the Presidency of the House of Representatives by a Crypto-Friendly Figure

A First in the Political History of the US

The presidency crisis in the House of Representatives, which has been going on for weeks, has led to a first in the history of the United States, and for the first time, a House Speaker has been removed from office with the votes of his own party. The process, which continued until McCarthy’s removal from the presidency due to the decreasing support among Republicans, led to a new presidential crisis.

After McCarthy’s removal from office, Patrick McHenry temporarily became the President of the US House of Representatives until a new president is elected. However, the process regarding the presidential election remained uncertain for weeks due to the failure to establish a majority.

Meanwhile, while the process for the Presidency of the House of Representatives remained uncertain, American journalist Jake Sherman claimed on his Twitter account that US House of Representatives member Tom Emmer has also started preparations for the presidency candidacy. It is claimed that Emmer, known for his support statements for the crypto currency industry, has started negotiations with Republican members of the House of Representatives.

Preparations for the Presidency of the House of Representatives by a Crypto-Friendly Figure

American journalist Jake Sherman stated in a tweet on his Twitter account that US House of Representatives member Tom Emmer has started preparations for the Presidency of the House of Representatives. According to the allegations, Tom Emmer said that he will run for the candidacy among Republican members of the House of Representatives.

Although there has been no statement from Tom Emmer regarding the presidency candidacy yet, it was mentioned in many news articles in the media during the week that Emmer has been preparing for the candidacy. Emmer, known for his support statements for the crypto currency industry, has faced intense criticism in the past for his stance on crypto currency regulations towards the US Securities and Exchange Commission (SEC).

On the other hand, Tom Emmer, who has made many support statements for the crypto industry in the past, is also the author of a recently passed bill against Central Bank Digital Currencies (CBDCs) in the House Financial Services Committee. Tom Emmer is known for his opposition to CBDCs as well as his support for crypto currencies.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 21 October, 2023 - 9:03 pm 21 October, 2023 - 9:03 pm
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