Crypto, Pot Banking Would Gain Edge With Emmer as House Speaker

Crypto companies and marijuana advocates would gain powerful support if Republican Tom Emmer wins the House speakership.

Emmer, the Republican Party’s latest speaker nominee, has been one of the crypto industry’s most influential allies in the House, and he’s long backed marijuana banking — both areas with active legislative efforts in Congress.

House Republicans nominated Emmer Tuesday for the speaker’s post, the party’s third attempt to fill a leadership vacancy that has paralyzed lawmakers since GOP rebels ousted Kevin McCarthy from the job on Oct. 3. But he still faces strong opposition from allies of Donald Trump who may prevent ...