4. A Shifting Picture Nationwide

Data from Stand With Crypto, a campaign group backed by Coinbase, shows 247 pro-crypto candidates have now been elected to the House of Representatives and 16 to the Senate.

That picture will continue to evolve as more results trickle through.

This huge shift in Congress could make it much easier for crypto-literate legislation to be enacted in the years to come.

Firms across the industry have long been exasperated at regulatory uncertainty that has stifled innovation, arguing that this drives businesses offshore, depriving the US of tax revenue and resulting in fewer consumer protections.

Coinbase CEO Brian Armstrong had a simple message for his followers on X: “We did it.”