While House Republicans seek a permanent replacement for their just-ousted Speaker of the House Kevin McCarthy (R-Calif.), McHenry will serve as McCarthy’s temporary replacement. The chairman of the House Financial Services Committee has been hard at work since last year on a number of crypto bills, and having McHenry in a leadership role over the entire House can’t hurt their progress.
Source: https://www.coindesk.com/policy/2023/10/03/crypto-friendly-congressman-mchenry-temporarily-takes-over-us-house/?utm_medium=referral&utm_source=rss&utm_campaign=headlines