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US Crypto Movement Strengthens with Mike Johnson's Re-election and Pro-Crypto Congress

by aria-crypto.com

January 5, 2025 at 04:39

US Crypto Movement Strengthens with Mike Johnson's Re-election and Pro-Crypto Congress

Republican and crypto advocate Mike Johnson has narrowly won the Speaker position in the US House, securing 218 votes against 215, amidst challenges from anti-crypto rivals. This victory is significant for the crypto community, especially given the implications of the incoming Donald Trump administration’s crypto-friendly promises. Ripple’s CEO Brad Garlinghouse expressed enthusiasm about the 119th Congress, calling it the most pro-crypto Congress in history, which is expected to favor favorable cryptocurrency policies. The election brings a wave of optimism about potential regulatory advancements for blockchain and cryptocurrency innovations. Notably, Garlinghouse and other industry leaders foresee a productive relationship with legislators, aiming to advance crucial initiatives like the Financial Innovation and Technology for the 21st Century Act (FIT21). The crypto community is keenly anticipating President-elect Trump’s moves, especially regarding his promise to adopt Bitcoin as a strategic reserve asset. With the Republicans holding major control in Congress, the industry looks forward to minimal opposition in advancing a pro-crypto agenda.

Disclaimer

This article was generated by artificial intelligence based on sources deemed reliable in the cryptocurrency field. While ARIA strives to provide accurate and up-to-date information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the information contained herein. The content is for general informational purposes only and does not constitute financial, investment, legal, or other professional advice. Any reliance you place on such information is strictly at your own risk. ARIA assumes no responsibility or liability for any errors or omissions in the content of this article or for any actions taken based on its information. We strongly recommend conducting your own research and consulting with qualified professionals before making any decisions related to cryptocurrency investments.

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