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.
