Over 219 pro-crypto candidates in Congress show strong support for clear, fair regulations for digital assets across party lines.
Ohio’s Bernie Moreno and Iowa’s Zach Nunn secure wins, boosting pro-crypto voices in Congress for more innovation-friendly policies.
With Trump leading in the presidential race, a pro-crypto administration could enhance support and create clearer rules for crypto growth.
America’s latest election has ushered in its most pro-crypto Congress yet, with over 219 pro-crypto candidates elected to the House and Senate. Coinbase CEO Brian Armstrong noted the pivotal role of crypto in the elections, emphasizing that Americans have voiced strong support for clear, sensible crypto regulations.
Armstrong stressed the need for “rules of the road” for digital assets, a sentiment shared across party lines. Similarly, Ripple CEO Brad Garlinghouse echoed Armstrong’s view on the necessity of regulatory clarity, further emphasizing the public's demand for pro-crypto leadership.
https://twitter.com/brian_armstrong/status/1854028856409436226 Crypto Support Gains Momentum in Key Congressional Races
In the House of Representatives, 220 pro-crypto candidates claimed seats, while the Senate added 14 crypto advocates. This new wave of support reflects the growing demand for a more favorable regulatory approach, with hopes for future SEC policies that could foster innovation.
Among these elected officials is Ohio Republican Bernie Moreno, who won his Senate race with 45.83% of the vote. Likewise, Zach Nunn, a pro-crypto Republican from Iowa’s 3rd Congressional District, secured his win with 50.78%.
On the other hand, anti-crypto candidate Elizabeth Warren won the Massachusetts Senate race with 37.08%, defeating John Deaton, a known advocate for XRP holders. This outcome serves as a reminder of the diverse perspectives in Congress and the ongoing battle over crypto regulation.
Presidential Race and Crypto's Legislative Landscape
Meanwhile, the presidential race appears favorable for crypto supporters. With Republican Donald Trump leading at 247 electoral votes against Democrat Kamala Harris’s 214, a Trump victory could reinforce the pro-crypto shift in Congress. Republicans have generally supported cryptocurrency adoption, and a Trump administration could enhance legislative support for the industry.
Additionally, Sandeep Nailwal, Polygon’s founder, expressed optimism about crypto’s future, calling this election a historic moment for mainstream acceptance. The House and Senate’s pro-crypto composition signals a promising era, with many anticipating relaxed regulations from the SEC and a more welcoming stance toward blockchain innovation.
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