cryptojournalist
At the Blockchain Summit
Speaking at the North American Blockchain Summit, former Speaker of the House Paul Ryan highlighted the importance of bipartisan support to advance cryptocurrency legislation during Donald Trump’s presidency. His conversation with Faryad Shirzad focused on the political realities of pushing such policies through Congress.
Legislative Challenges for Crypto
Trump’s win brought optimism to the crypto industry, with many calling his administration “crypto-friendly.” However, Ryan urged caution, pointing out that even Republican control of Congress isn’t enough to pass bills requiring 60 votes in the Senate. He mentioned the CFTC reforms as a potential bipartisan test.
The Issue with House Vacancies
Ryan raised concerns about Trump appointing House members to cabinet positions, as their vacancies require special elections that could delay Republican efforts. In contrast, Senate vacancies are filled more quickly through gubernatorial appointments.
Ethics and Controversies
The nomination of Matt Gaetz as Attorney General has drawn scrutiny due to ongoing ethics investigations. Republicans like Marjorie Taylor Greene are calling for full transparency in ethics reports while accusing opponents of targeting Trump appointees.
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