The crypto advocacy organization Stand With Crypto, led by Coinbase, claims that there are currently 276 members of the U.S. House of Representatives who support cryptocurrency.

It is reported that the U.S. House of Representatives and the U.S. Senate make up the two chambers of the U.S. Congress, with the House having 435 members, and the number of representatives from each state determined by its population.

The advocacy organization states that the crypto industry hopes to see the regulatory agencies under the Trump administration adopt more lenient regulations, and they also plan to push Congress to establish a new framework to help cryptocurrency become a more significant component of the financial system.