Pro-crypto candidates for the U.S. Senate and House of Representatives are leading the race against anti-crypto candidates as the market goes on a bull run.
According to data provided by Stand With Crypto, 226 and 14 pro-crypto candidates have been elected to the U.S. House and Senate, respectively.
U.S. elections | Source: Stand With Crypto
The number of anti-crypto candidates elected for House and Senate remains significantly lower—106 and 9, respectively. Among them is the Democratic Senator from Massachusetts, Elizabeth Warren, who has made 83 anti-crypto statements, per data from Stand With Crypto.
Winners include Republican Senator Bernie Moreno, who campaigned in Ohio on a strong pro-crypto platform defeating staunchly anti-crypto candidate Sherrod Brown.
Brian Armstrong, co-founder and CEO at Coinbase, showed strong support for the pro-crypto voters and candidates on X. He shared his enthusiasm for working with the “new Congress to deliver it.”
Welcome to the new members of America's most pro-crypto Congress ever… 219+ pro-crypto candidates and counting have now been elected to the House & Senate. Tonight the crypto voter has spoken decisively – across party lines and in key races across the country. Americans… pic.twitter.com/t91wC3Wtzr
— Brian Armstrong (@brian_armstrong) November 6, 2024
“Americans disproportionately care about crypto and want clear rules of the road for digital assets.”
Armstrong said in his X post.
At this point, a few more pro-crypto candidates would be expected to join since Arizona, Michigan and Nevada are voting for politicians who strongly support digital assets.
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Bullish elections
The U.S. presidential elections have turned in Republican candidate Donald Trump’s favor so far.
According to a crypto.news report, Trump’s odds of becoming the next U.S. president have reached 96.5% on Polymarket. Trump promised to fire the Securities and Exchange Commission chair Gary Gensler on “day one” of becoming the U.S. president.
This has triggered a market-wide bullish momentum as the GOP candidate has strongly supported the crypto industry.
Bitcoin (BTC) reached a new all-time high of $75,011 earlier today. The global crypto market cap also hit a local high of $2.57 trillion.
Read more: Traders could push Bitcoin to $80,000 in US election frenzy
