Mike Johnson Re-Elected As U.S. House Speaker, Signaling Potential Crypto Legislation

According to PANews, U.S. Republican Representative Mike Johnson, who has received public support from Donald Trump, has narrowly secured re-election as the Speaker of the House. Johnson has previously voted in favor of the 21st Century Financial Innovation and Technology Act, commonly known as FIT21, and legislation opposing central bank digital currencies (CBDCs). His re-election, along with that of other pro-crypto lawmakers like Tom Emmer, suggests that Congress may advance cryptocurrency legislation by 2025.