What does Trump’s victory mean for crypto in the US?

“Anti-Bitcoin movement died last night”

With Trump’s victory, the “anti-Bitcoin movement” in the United States has “died,” according to Dennis Porter, co-founder of the Satoshi Action Fund.

“The USA will be the most pro-Bitcoin nation in the world,” Porter wrote in an X post commenting on the presidential win.

Pro-crypto candidates win election races across America

The 2024 United States elections have seen hundreds of pro-crypto candidates elected as results from across the nation continue to roll in.

At the time of writing, data from Coinbase’s Stand With Crypto (SWC) website shows pro-crypto officials have been elected across most states. According to the site’s map, only New Mexico, Alaska, Hawaii, Vermont and Maine have yet to elect a pro-crypto candidate.

Data from SWC indicates that 247 pro-crypto candidates have been elected to the House of Representatives, compared to 113 anti-crypto officials. In the Senate, 15 pro-crypto candidates have been elected, while 10 anti-crypto candidates have secured seats.