A big win for crypto again

[retreat]

McHenry is indeed a person who is quite pro Bitcoin, but we know that in the House of Representatives there are still many parties who are against Bitcoin and Altcoins, and maybe that will make it difficult for McHenry and his friends in the Republic to pass laws regarding things that relating to cryptocurrencies. However, we are still grateful that someone who is pro Bitcoin can be a speaker at HoS and maybe that will bring a more positive situation to the crypto ecosystem in the US.

[LogitechMouse]

https://coinmarketcap.com/community/articles/651d60a08cbbdd308ef0f24c/

'A crypto friendly lawmaker takes interim house speaker position'

I Don't what this means to you but I think we're moving forward.

Did read the article, and there's nothing significant about it.

I guess let's just not overhype things just because a person is a pro-crypto. A politician that's considered crypto-friendly isn't enough to move the market upwards. We need series of positive news in order for the market to rise. On the other hand though, one single tweet, or one single positive news coming from an influential person might move the price up significantly like what Elon did to DOGE.

Overall, I don't consider this article as "big" like what the OP is saying. A bit clickbait-y thread if you will ask me. I guess the most significant part of this article is the fact that he criticized Gensler because of not disclosing his ties with FTX, and SBF, that's all.

[dothebeats]

I think this is more of a political news rather than an economic one. Although Patrick McHenry is a crypto-friendly lawmaker that's all that there is to it, I doubt one person can make such big changes in the economy and how the system works. We should really stop overhyping things and people just because the term crypto is placed before or after their names. Read the article and you'll see no relevance to any crypto-related topic but the position of McHenry and how he supports crypto, that's it.

[JunaidAzizi]

https://coinmarketcap.com/community/articles/651d60a08cbbdd308ef0f24c/
A crypto friendly lawmaker takes interim house speaker position'
I Don't what this means to you but I think we're moving forward.

This is very good news that a person who is in cryptocurrency holds the position of speaker. This is a positive initiative towards cryptocurrency. As a crypto-friendly person, he could do all the things to support cryptocurrency. Crypto-friendly persons in that position mean that a person who is very good in cryptocurrency and understands it can take a place in the legislation for the support of the crypto world. it has also had a very good impact on the industry by producing favorable legislation for crypto like tax breaks and regulatory charity. I appreciate it and consider it the best move. If you think this is a move shows that the government also wants to adopt the cryptocurrency and there is a bright future of Crypyo.

[Unbunplease]

I think this is more of a political news rather than an economic one. Although Patrick McHenry is a crypto-friendly lawmaker that's all that there is to it, I doubt one person can make such big changes in the economy and how the system works. We should really stop overhyping things and people just because the term crypto is placed before or after their names. Read the article and you'll see no relevance to any crypto-related topic but the position of McHenry and how he supports crypto, that's it.

I agree that one person is unlikely to buck the system, but the system may well use that person to test the public's reaction to a particular action. And depending on the reaction, the system decides how to proceed. A fine-tuned system is a complex mechanism

[pixie85]

While we debate over this, the SEC has announced a change on the position of Media Relations.
The new director of this department is going to be Stephanie Allen, a Gensler's former co-worker from CFTC.
She's to be the new spokesperson for Gensler, according to the official SEC press release.

Looks like Gensler got grilled by both the Senate and the press, so he's looking for loyal people to spread his hate word.