- Trump secures the U.S. presidency, defeating Kamala Harris with strong support in both the House and Senate.
- A total of 15 pro-crypto candidates were elected to the Senate, while 10 anti-crypto lawmakers were chosen.
As the 2024 U.S. Presidential Election results out, the pro-crypto Donald Trump has secured victory against Kamala Harris with strong support in both the House and Senate. Notably, crypto voters have played a crucial role in this election, fueling optimism in the crypto market—BTC hit an all-time high at $75,361.
Crypto-friendly politicians have also seen significant gains across the House and Senate. According to data from Stand With Crypto, 247 pro-crypto candidates have been elected to the U.S. House, alongside 15 senators with a clear vision for digital assets. Among these is Ohio’s newly elected Republican Senator Bernie Moreno, a well-known crypto advocate, and Democratic Congressman Steven Horsford of Nevada’s 4th District, both voicing strong support for digital assets, secured their win against the anti-crypto candidate.
Conversely, anti-crypto candidates saw far fewer wins, with only 113 in the House and 10 in the Senate. Notable among them is Democratic Senator Elizabeth Warren of Massachusetts, who has long expressed skepticism toward the crypto industry.
Industry’s Influence Grows with Pro-Crypto Wins in US Election
The crypto sector’s involvement in this election extends beyond votes, with industry firms pouring over $119 million into federal elections through Super PACs and other donations. This financial backing aimed to boost candidates aligned with clear, supportive regulations for crypto.
As expected, the results have drawn excitement across the crypto industry. Ripple CEO Brad Garlinghouse expressed; “To everyone who doubted it: the crypto voter is here to stay, loud and clear!”
Coinbase CEO Brian Armstrong echoed these sentiments, noting that voters across the nation have shown they care about crypto and want clear rules for digital assets. Meanwhile, Coinbase CLO Paul Grewal had a strong message for the SEC: “Stop suing crypto. Start talking to crypto. Initiate rulemaking now.”
As votes continue in states like Montana, Pennsylvania, Arizona, and Nevada, more pro-crypto politicians could soon join, further solidifying crypto’s place in U.S. politics.
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