Elon Musk as House Speaker? Rand Paul’s Bold Suggestion
U.S. Sen. Rand Paul from Kentucky suggested billionaire business tycoon Elon Musk be speaker of the House of Representatives in a post on X (formerly Twitter). This article on X follows the contentious debate on Continuing Resolutions (CR).
Elon Musk as House Speaker?
Paul’s post on
“Nothing disturbs the swamp more than electing Elon Musk. . . . Think about it. . . nothing is impossible. (Not to mention seeing the collective establishment, aka the “mono-party,” lose them forever “The joy of loving thoughts”
Now, Musk Co-leads the Department of Government Effectiveness, which focuses on cutting spending and shrinking the size of the federal government. However, several other Democrats criticized Musk’s proposal.
Why is this position important?
This position is Speaker of the U.S. House of Representatives and one of the most powerful roles in the U.S. government. It controls several major areas, including the House’s legislative agenda, manages debate and enforces the rules of procedure.
In addition, the Speaker plays a key role in formulating national policies and is a central figure in American politics. This may be one reason why Democrats criticized Musk’s role.
Will this impact the cryptocurrency market?
If this happens, the entire cryptocurrency market could surge, especially Dogecoin (DOGE). Musk is a cryptocurrency supporter and holds billions of dollars worth of cryptocurrencies. Previously, he also accepted DOGE as a payment method for Tesla vehicles.
