Crypto Advocates Gain Ground as Election Results Roll In 🗳️🚀
As the dust settles from the 2024 U.S. elections, crypto-backed candidates are making notable strides in securing seats in Congress. Regardless of whether Democrats or Republicans take control of the House of Representatives in 2025, a significant number of lawmakers supporting crypto policies will be in office.
Key Wins:
• House Victories: Republican Young Kim triumphed in California’s 40th district, while Democrats Susie Lee and Steven Horsford secured wins in Nevada’s 3rd and 4th districts. The Fairshake PAC spent over $3.7 million supporting Kim and Horsford’s campaigns, with contributions from the Winklevoss twins and other crypto leaders.
• Senate Shift: In Pennsylvania, Republican David McCormick defeated Democrat Bob Casey Jr., supported by around $35,000 from the Bitcoin Voter PAC.
• Broad Crypto Support: More than 200 candidates across the House, Senate, and presidential races who backed blockchain and digital assets won their campaigns. This includes efforts spearheaded by Coinbase’s Stand With Crypto initiative.
Why This Matters:
Industry advocates are optimistic that a pro-crypto Congress and President could pave the way for blockchain-friendly policies. With the potential passage of legislation like the Financial Innovation and Technology for the 21st Century Act, the U.S. may soon see a more supportive regulatory environment for digital assets.
These election outcomes signal a growing acknowledgment of crypto’s influence and set the stage for potential legislative advancements that could impact the industry for years to come.
