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Congress may be ‘ungovernable,’ but US could see crypto legislation in 2023

Published 01/12/2023, 12:09 PM
Updated 01/12/2023, 01:40 PM

The United States House of Representatives finally elected a speaker last week, concluding a four-day, 15-ballot ordeal that left many wondering if political gridlock was now the new normal in the U.S., and if so, what the consequences would be.

For example, were the concessions made by Republican Kevin McCarthy to secure his election as speaker ultimately going to make it difficult to achieve any sort of legislative consensus, making it impossible for the U.S. to raise its debt ceiling and fund the government later this year? Not all were optimistic.

Representative Torres outside his office before the formal swearing-in ceremony on Jan. 3. Source: Twitter
Former FTX Sam Bankman-Fried after his arrest in the Bahamas. Source: Reuters

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