US Congress Gains 280+ Pro-Crypto Champions in Recent Election
The U.S. cryptocurrency sector saw major victories in the latest elections, with over 280 pro-crypto candidates winning congressional seats and Donald Trump re-elected as president.
Crypto organizations invested more than $238 million in supporting aligned candidates, resulting in 263 pro-crypto representatives in the House and 18 in the Senate. Coinbase’s Chief Policy Officer Faryar Shirzad noted the influence of “crypto voters” nationwide, emphasizing the rising demand for financial reform.
Key wins included Republican Bernie Moreno’s victory in Ohio, supported by crypto-funded ads, while crypto critic Senator Elizabeth Warren retained her seat in Massachusetts. Trump’s re-election boosted Bitcoin prices and related stocks, signaling a new era of influence for the crypto industry.
Clever Robot News Desk 10th November 2024
