🚨Pro-crypto Republicans win House seats as majority control still TBD🚦

📉Jeff Hurd and Scott Perry, both in favor of FIT21, won close elections against their Democratic rivals for House seats in Colorado and Pennsylvania. Two Republicans running for seats in the United States House of Representatives have defeated their Democratic challengers in the 2024 election, narrowing the gap for the party to keep a majority in the chamber.

🗞️The Associated Press (AP) reported on Nov. 7 that Republican Jeff Hurd had been declared the winner of his House race in Colorado’s 3rd congressional district with 50.1% of the vote and 89% reporting. Republican Scott Perry also won reelection in Pennsylvania’s 10th congressional district against Democrat Janelle Stelson.

📜While in office, Perry voted for The Financial Innovation and Technology for the 21st Century Act, or FIT21 bill, which received bipartisan support from lawmakers in the House and awaits a vote in the US Senate. According to Hurd’s campaign website, the Republican intended to support “legislation like the FIT21 bill” and favored “sensible regulations for advancing technologies like

🕴️📉The future of crypto policy and regulation after US Election!

The two House wins were some of the latest results of the 2024 elections in which Republicans took control of the White House and Senate. At the time of publication, the AP had called 210 seats for Republicans and 194 for Democrats. A party needs 218 seats for majority control.