Kevin McCarthy was ousted as house speaker in a vote held by the House of Representatives on Tuesday. The historic outcome marks the first time a vote was successful in ousting the current speaker. Rep. Matt Gaetz filed a motion to vacate in order to strip McCarthy of the post. McCarthy is a crypto-friendly Republican, he’s previously admitted that he likes bitcoin and supports the decentralization aspect for cryptocurrencies. Back in 2019 — prior to the collapse of FTX and lenders such as Celsius and BlockFi — he praised blockchain’s ability to revolutionize the security of the financial industry. In his place, Rep. ... (full story)