FOLLOWING HOUSE SPEAKER OUST

Summary from the TLDR Crypto newsletter

Crypto-friendly congressman, Patrick T. McHenry, is temporarily taking over as Speaker of the House following the removal of Rep. Kevin McCarthy from his leadership role. McHenry, chair of the House Financial Services Committee, has previously helped advance bills to regulate cryptocurrency. This development could be a positive for crypto regulation while McHenry maintains it, but it is uncertain how long he will remain in the position.