Rep. Mike Johnson (R-Louisiana) will retain the significant gavel after his fellow Republicans voted to re-elect him as House Speaker on Friday afternoon.

Johnson, publicly supported by President-elect Donald Trump, secured the minimum 218 votes necessary to claim the position in the initial voting round, although he had to coax two of his fellow Republicans — Rep. Ralph Norman (R-South Carolina) and Rep. Keith Self (R-Texas) — who had initially voted for different candidates to shift their votes in his favor.

With a remarkably narrow margin of control in the House, Johnson could afford to lose only one vote, which he did, due to Rep. Thomas Massie (R-Kentucky) who voted "no". Massie's opposition was anticipated; he had informed former Rep. Matt Gaetz he would "withstand torture" before supporting Johnson. Instead, Massie cast his vote for Rep. Tom Emmer (R-Minn.), the Majority Whip and a staunch advocate for the crypto industry who indeed voted for Johnson.

The voting session on Friday was an efficient and expedited process, taking only 2.5 hours, a stark contrast to the prolonged election in October 2023 that first installed Johnson as House Speaker.

Though not exceedingly vocal concerning crypto matters, Johnson is widely regarded as a friend to the industry, having previously supported the Financial Innovation and Technology for the 21st Century Act (FIT21) and an anti-central bank digital currency (CBDC) legislation.

Johnson’s re-election — alongside Emmer’s sustained role as Majority Whip — suggests that crypto-friendly lawmakers in Congress are poised to advocate for crypto legislation in 2025.