Mike Johnson Re-Elected Speaker of the House with Trump’s Support
Rep. Mike Johnson (R-Louisiana) has secured his position as the House Speaker after winning the support of his fellow Republicans in a closely watched election. With President-elect Donald Trump backing him, Johnson emerged victorious in the first round of voting, receiving the minimum 218 votes required for the job.
The Voting Process
The voting process, which marked the start of the 119th Congress, lasted only 2.5 hours, a significant improvement from the previous election in Oct. 2023 that initially saw Johnson elected. Despite facing some opposition, Johnson successfully convinced two of his fellow Republicans to change their votes in his favor, ensuring his re-election.
One notable dissenting vote came from Rep. Thomas Massie (R-Kentucky), who made it clear that he would not support Johnson under any circumstances. Instead, Massie cast his vote for Rep. Tom Emmer (R-Minn.), a staunch supporter of the crypto industry who ultimately voted for Johnson, solidifying his position as Majority Whip.
Implications for the Crypto Industry
While Johnson has not been vocal about crypto-related issues, his re-election, along with Emmer’s continued role as Majority Whip, bodes well for the crypto industry. Both lawmakers have shown support for crypto-friendly legislation in the past, indicating that the industry may see favorable developments in 2025.
About the Author: Cheyenne Ligon
Cheyenne Ligon, a member of the news team at CoinDesk, brings a wealth of knowledge and experience to her reporting on crypto regulation and crime. Originally from Houston, Texas, Cheyenne studied political science at Tulane University in Louisiana before completing her graduate studies in business and economics reporting at CUNY’s Craig Newmark Graduate School of Journalism.
Cheyenne’s dedication to providing accurate and insightful reporting is evident in her work, as she navigates the complex world of cryptocurrency with precision and clarity. Despite her extensive background in journalism, Cheyenne maintains a neutral stance on crypto investments, ensuring that her reporting remains unbiased and informative.