News
  • Chandan Gupta
    author-profile

    Chandan Gupta right arrow

    Author

    Chandan Gupta is a crypto analyst and news writer at CoinPedia. He specializes in market analysis using on-chain metrics and industry insights to forecast market trends. With over four years of trading experience, Chandan simplifies complex concepts in technical and on-chain analysis, making them easy to understand. At CoinPedia, he leverages his expertise to identify and present emerging opportunities in the cryptocurrency space

    • 1 minute read

    Elon Musk as House Speaker? Rand Paul’s Bold Suggestion

    Story Highlights
    • Rand Paul suggests Elon Musk for House Speaker, sparking debate over disrupting the system and boosting government efficiency.

    • Musk as House Speaker could impact crypto market, especially Dogecoin, with his pro-crypto stance and investments.

    The United States Senator from Kentucky, Rand Paul, made a post on X (formerly Twitter) suggesting that billionaire business tycoon Elon Musk serve as House Speaker. This post on X followed the contentious debates over the continuing resolution (CR).

    Elon Musk as House Speaker?

    Paul’s post on X has gained massive attention, as he noted, “The Speaker of the House need not be a member of Congress.” Additionally, he added:

    “Nothing would disrupt the swamp more than electing Elon Musk . . . think about it .  . . nothing’s impossible. (not to mention the joy at seeing the collective establishment, aka ‘uniparty,’ lose their ever-lovin’ minds”

    Currently, Musk is the co-leader of the “Department of Government Efficiency,” which focuses on cutting spending and reducing the size of the federal government. However, several other Democrats criticized Musk for this offer.

    Why This Position Matters?

    This position is the presiding officer of the United States House of Representatives and one of the most powerful roles in the U.S. government. It controls several major areas, including the legislative agenda of the House, manages debates, and enforces rules of order.

    Additionally, the Speaker plays a critical role in shaping national policy and is a central figure in American politics. This may be one of the reasons, along with others, behind Democrats criticizing Musk for this role.

    Could This Affect the Crypto Market?

    If this happens, it could skyrocket the overall cryptocurrency market, especially Dogecoin (DOGE). Musk is pro-crypto and holds billions worth of cryptocurrency. Earlier, he also accepted DOGE as payment for Tesla cars.

    Never Miss a Beat in the Crypto World!

    Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

    Show More

    Related Articles

    Back to top button