Republican members of the United States House of Representatives have selected Tom Emmer as their nominee for the next Speaker. This decision comes after previous candidates, Jim Jordan and Steve Scalise, were unable to secure enough votes. The Speaker seat has been vacant since October 3, when Kevin McCarthy was removed from the position. In the absence of a Speaker, the House has been unable to make progress on crypto bills passed by the Financial Services Committee. Emmer, a pro-crypto lawmaker, announced his intention to seek the Speaker’s seat on October 20. However, it remains uncertain if he will have enough support to win the vote. Democrats have unanimously supported Hakeem Jeffries, while Emmer has received only one vote in each of the previous rounds. The outcome of the Speaker election will determine the future of crypto legislation in the House.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	1
People	Tom Emmer
Companies	The text references the following organizations and institutions: – United States House of Representatives- House Financial Services Committee- Blockchain Association
Currencies	US Dollar
Securities	None