Ex-House Speaker Alerts of Partisan Gridlock Threatening Trump’s Crypto Agenda

Former Speaker of the House of Representatives, Paul Ryan, recently spoke at the North American Blockchain Summit in Texas alongside former White House Security Adviser Faryar Shirzad. The focus of their conversation was on how the upcoming Donald Trump administration could work past political divides to push forward with their crypto agenda.

Following Trump’s election, there was a lot of excitement in the cryptocurrency sector, with many hailing the new administration as the first “crypto administration.” However, Ryan cautioned against Republican complacency and stressed the need for bipartisan cooperation to make progress on crypto at the federal level.

Despite admitting to not having the best relationship with Trump, Ryan expressed his desire for the president’s success, calling his election victory “impressive.” He emphasized the importance of working together across party lines to achieve legislative goals, noting that even with Republican control, gaining the necessary 60 votes for certain measures would require bipartisan support.

Looking towards the future, Ryan shared optimism about the potential for crypto policy reform under the Trump administration. However, he also highlighted the challenges of maintaining unity within the House if more representatives were to join the cabinet, citing potential delays in filling vacancies depending on state laws.

The appointment of House members to key positions in the Trump administration, such as Matt Gaetz as the next US attorney general, has raised concerns about the potential impact on House representation and the need for transparency in ethics oversight. Republicans may face challenges in expanding their majority to push legislation through quickly, as Ryan suggested.

In conclusion, while there is excitement about the future of crypto under the Trump administration, Ryan’s cautionary words serve as a reminder of the importance of bipartisan collaboration in achieving lasting legislative changes. Understanding the complexities of the political landscape will be key in navigating the path forward for crypto regulation in the United States.