Donald Trump wins the 2024 U.S. presidential election and returns to the White House with strong support from cryptocurrency voters. Donations made through super PACs in the cryptocurrency sector have had a significant impact, shaping the future landscape of the U.S. cryptocurrency industry.
How did cryptocurrency-friendly candidates perform in Congress?
Recent data shows that 226 cryptocurrency-supporting candidates won seats in the House of Representatives, while 107 opponents were eliminated. In the Senate, there will be 14 senators supporting cryptocurrency, while there are 9 senators opposing it. These results indicate a significant increase in the number of cryptocurrency supporters in Congress.
What do the victories of Ted Cruz and others mean?
Republican entrepreneur Bernie Moreno defeated Democrat Sherrod Brown in Ohio, achieving a significant victory that further advances the Republican agenda of gaining a majority in the Senate. This win reflects Ohio voters' preference for leaders who support innovation. Texas Senator Ted Cruz also retained his seat, receiving support from the Bitcoin Voter Political Action Committee, which solidified his stance in favor of Bitcoin.
The success of these cryptocurrency-supporting candidates highlights several key points:
- A significant number of representatives supporting cryptocurrency in Congress indicates an increasing legislative support for the industry.
- Voter enthusiasm for cryptocurrency may drive the formulation of clearer regulations in the future.
- Key industry figures like the CEO of Ripple and the leadership of Coinbase express optimism about future dialogues with regulators.
Trump's re-election, along with the victories of cryptocurrency supporters, signifies a critical moment for cryptocurrency regulation in the U.S. Stakeholders anticipate that the upcoming Congress will create a more favorable environment for cryptocurrency-related policies.
This article is for informational purposes only and does not constitute investment advice.
