No piece of legislation — crypto-related or otherwise — has largely been able to move through the United States Congress since Oct. 3, when lawmakers voted to oust then-Speaker of the House of Representatives Kevin McCarthy. This marks the first time in U.S. history that the legislative body has been without elected leadership, with no definitive plan to fill the slot.
At the time of publication, there are several candidates in the running for the third most powerful role in the U.S. government, but it’s unclear if any of them have enough support from Republican lawmakers — the political party currently holding the majority of seats in the House — to win. Following Speaker McCarthy, Representative Steve Scalise won a majority of Republican votes in a closed-door session, but he later dropped out, leaving the door open for Representative Jim Jordan to attempt a run.
This story originally appeared on Investing
