Lesser-known Mike Johnson Wins Speaker Job as Crypto Supporters Return to Their Old Jobs

As Johnson takes the gavel, it frees up Rep. Patrick McHenry (R-N.C.) to return to the House Financial Services Committee he leads, where he can focus more attention on the two crypto bills that haven’t yet received floor votes. However, more urgent priorities are likely to include the funding of the federal government, which expires on Nov. 17. It’s growing late in the year for Congress to tackle significant legislation beyond the must-pass funding measures.