✨ Crypto Lobby Gains Ground in U.S. Congress – Big Changes Ahead?
posted 6 Nov 2024
Pro-crypto candidates now hold a majority in both the U.S. House and Senate, according to data from Stand With Crypto, a public initiative backed by Coinbase CEO Brian Armstrong.
A total of 247 pro-crypto candidates have been elected to the U.S. House of Representatives and 15 to the Senate.
Meanwhile, there are enough crypto-skeptics in the House to form a strong opposition—113 in total, nearly half the number of crypto supporters. Additionally, 10 crypto-skeptic candidates have secured Senate seats.
Among them is Massachusetts Democrat Senator Elizabeth Warren, who, according to Stand With Crypto, made 83 anti-crypto statements during her debates with John Deaton.
On the Stand With Crypto interactive map, all states except New Mexico are shaded purple, indicating a pro-crypto majority. In New Mexico, however, crypto-supporting candidates are in the minority, with three crypto-skeptics elected to the House and one to the Senate, and no pro-crypto candidates winning so far.
Coinbase co-founder and CEO Brian Armstrong has already voiced his support for this new political landscape.
Preliminary U.S. House and Senate Election Results. Source: StandWithCrypto.org
A total of 247 pro-crypto candidates have been elected to the U.S. House of Representatives and 15 to the Senate.
Meanwhile, there are enough crypto-skeptics in the House to form a strong opposition—113 in total, nearly half the number of crypto supporters. Additionally, 10 crypto-skeptic candidates have secured Senate seats.
Among them is Massachusetts Democrat Senator Elizabeth Warren, who, according to Stand With Crypto, made 83 anti-crypto statements during her debates with John Deaton.
These elections are critical to the future of crypto in America,states Stand With Crypto.
Texas leads with the highest number of pro-crypto candidates (30), reflecting the state’s ambitions to become America’s mining capital.
Texas leads in the number of pro-crypto politicians. Source: Stand With Crypto
California follows with 18 pro-crypto candidates, and New York is in third with 12.
On the Stand With Crypto interactive map, all states except New Mexico are shaded purple, indicating a pro-crypto majority. In New Mexico, however, crypto-supporting candidates are in the minority, with three crypto-skeptics elected to the House and one to the Senate, and no pro-crypto candidates winning so far.
Coinbase co-founder and CEO Brian Armstrong has already voiced his support for this new political landscape.
Tonight the crypto voter has spoken decisively - across party lines and in key races across the country. Americans disproportionately care about crypto and want clear rules of the road for digital assets. We look forward to working with the new Congress to deliver it,he wrote.
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