Pro-crypto Tom Emmer wins No. 2 House Republican leadership post

Republican Tom Emmer, a vocal crypto supporter, won the No. 2 leadership post among House Republicans, defeating August Pfluger. The vote comes as the party moves into the minority after the November midterms. Emmer's elevated role gives crypto a prominent ally in congressional leadership, which traders may read as a modest positive for future digital-asset legislation, though minority status limits near-term lawmaking power.