Fun

News Feed - 2023-10-25 02:10:27

Turner Wright6 hours agoPro-crypto lawmaker Tom Emmer wins Republican nomination for House speakerIt’s unclear if Emmer will have enough support to win in a full floor vote, but the lack of a speaker of the House has effectively halted all legislation since Oct. 3.1676 Total views21 Total sharesListen to article 0:00NewsJoin us on social networksRepublican members of the United States House of Representatives have chosen Tom Emmer, the current majority whip and crypto proponent, as their nominee to be the next speaker. 


According to multiple reports from Oct. 24, Representative Emmer will be the Republicans’ nominee in the next vote to determine a speaker of the House following a closed-door session. The congressman was one of several candidates weighed by Republicans following the failure of Representative Jim Jordan to secure enough votes to win the speakership and Representative Steve Scalise dropping out of the race.


On Oct. 3, U.S. lawmakers in the House of Representatives voted to declare the speaker seat vacant, effectively removing Representative Kevin McCarthy from the position. Representative Patrick McHenry, a pro-crypto lawmaker who also chairs the House Financial Services Committee, has been acting as temporary speaker, with Republicans unable to unite behind one candidate — Jordan failed to obtain a majority of support in the House after three rounds of votes.


Emmer announced his intention to seek the Speaker’s seat on Oct. 20. When speaking with Cointelegraph during the Permissionless II conference in September, he branded himself as a technologically savvy lawmaker who saw crypto as a non-partisan issue in Congress. Cointelegraph reached out to Emmer’s office but did not receive a response at the time of publication.


“Emmer brings a fresh perspective, a lot of energy with his personality,” said the Blockchain Association’s director of government relations, Ron Hammond. “For the industry, it’s a great thing to have someone who understands these technologies.”We should not leave town until we deliver on our constitutional duty and elect a Speaker. Americans are counting on us. Let’s get it done.— Tom Emmer (@GOPMajorityWhip) October 20, 2023


Related:First major success in US Congress for two crypto bills: Law Decoded


Without a speaker, the House of Representatives has effectively halted progress on crypto bills passed by the Financial Services Committee expected to head for a full floor vote. Until Republicans are able to secure 217 votes — depending on the number of lawmakers present — for one candidate, the Financial Innovation and Technology for the 21st Century Act, the Blockchain Regulatory Certainty Act, the Clarity for Payment Stablecoins Act and the Keep Your Coins Act are all legislatively on hold.


It’s unclear if Representative Emmer will have enough support to win as speaker, a vote expected in the next day or two, given that the House has been unable to move forward with any legislation without clearly defined leadership. All Democrats present — between 212 and 210 — for the three previous rounds of voting unanimously supported Representative Hakeem Jeffries, while roughly 20 Republicans voted for individuals other than Jordan. Emmer received only one vote in each of those three ballots.


Magazine:Opinion: GOP crypto maxis almost as bad as Dems’ ‘anti-crypto army’# Politics# Congress# United States# Voting# RegulationAdd reactionAdd reactionRead moreIRS proposes unprecedented data-collection on crypto usersElizabeth Warren uses Hamas as her newest scapegoat in war on cryptoCrypto advocates weigh on race for next US House Speaker

News Feed

IMF backs Nigeria crypto adoption amid local SEC crackdown
Alek Hidell10 hours agoIMF backs Nigeria crypto adoption amid local SEC crackdownThe IMF recommendation sets out to remedy the macroeconomic challenges Nigeria faces while attracting global investment.5837 Total views10
Maduro Plans to Airdrop Petro to Municipal Leaders and Eligible Citizens
Maduro Plans to Airdrop Petro to Municipal Leaders and Eligible Citizens The president of Venezuela, Nicolás Maduro wants the nation state-issued cryptocurrency, petro (PT
Biden Accuses Twitter of Spewing Lies Across the World as Elon Musk Rolls Out Twitter Blue Subscription
Biden Accuses Twitter of Spewing Lies Across the World as Elon Musk Rolls Out Twitter Blue Subscription Elon Musk has started rolling out a $7.99-a-month Twitter Blue subscription
Jonathan Galea, Matteo Vena3 hours agoThe European Commission’s Web4 strategy might be a flopThere’s a lot of work left to be done on Web 3.0. The European Commission is getting ahead of itself by trying to move to w
Polygon launches upgraded ZK proving system Plonky3
Josh O"Sullivan11 hours agoPolygon launches upgraded ZK proving system Plonky3Polygon Labs unveils Plonky3, enhancing Ethereum scalability with improved zero-knowledge proof configurations and modular flexibility for dev
Bitzlato founder won’t get more jail over $700M dark web clearing house
Tom Mitchelhill3 hours agoBitzlato founder won’t get more jail over $700M dark web clearing houseThe judge said the 18 months Anatoly Legkodymoc had already served in Brooklyn’s “terrible” MDC was enough punishme
Une nouvelle ère avec l’agent IA MIND of PEPE : 1M$ levés en 24 heures dès la prévente
Une nouvelle ère s’ouvre avec Virtuals Protocol et ai16z. Ils débarquent dans l’univers Pepe sous le nom de MIND of Pepe ($MIND). En seulement 24 heures de prévente, ce projet a réussi à collecter plus d’un mi
Tom Mitchelhill7 hours agoCrypto is in ‘arms race’ against AI-powered scams: Quantstamp co-founderQuantstamp’s Richard Ma explained that the coming surge in sophisticated AI phishing scams could pose an existential
Nomura and Ripple Partner SBI Holdings Support XRP, Reject Token’s Categorization as Security
Nomura and Ripple Partner SBI Holdings Support XRP, Reject Token"s Categorization as Security As XRP continues to plummet in value due to Ripple’s turmoil
Zhiyuan Sun8 hours agoBalancer says $2.8M still at risk after vulnerability warningThe vulnerability was not exploited after its discovery on Aug. 22.283 Total views4 Total sharesListen to article 0:00NewsJoin us on soci
Bitcoin, Ethereum Technical Analysis: ETH Back Above $2,000 as Crypto Rally Extends
Bitcoin, Ethereum Technical Analysis: ETH Back Above $2,000 as Crypto Rally Extends ETH briefly rose above $2,000 on Tuesday, as crypto bulls were once again present in todayȁ
After Solana’s Co-Founder Said BTC Should Change Its Consensus Algo, Solana Mainnet Loses Consensus for 7 Hours
After Solana’s Co-Founder Said BTC Should Change Its Consensus Algo, Solana Mainnet Loses Consensus for 7 Hours While Ethereum users participating in the Otherside metaverse land