Many political contestants running for the seats in the U.S. Senate and House of Representatives who are pro-crypto are outperforming their anti-crypto counterparts during the bull market.
According to the information furnished by Stand With Crypto, 226 members of the US House of Representatives and 14 members of the Senate support crypto.
The volume of anti-crypto candidates winning to the House and Senate is still much lower—106 and 9, correspondingly. In them, there is Elizabeth Warren, the Democratic Senator from Massachusetts, who examined samples and made as many as 83 anti-crypto statements according to the data of Stand With Crypto.
Pro-Crypto Candidates and Key Supporters Shape the Future of U.S. Crypto Regulation
Some include Republican Senator Bernie Moreno, who campaigned in Ohio on a fully embracing pro-crypto approach to defeat the staunchly anti-crypto Sherrod Brown.
On X, the so-called pro-crypto voters/BTC and candidates with the support of one of the shining figures in the crypto space, Brian Armstrong, co-founder and CEO at Coinbase. He expressed excitement about working with the “new Congress to deliver it.”
One or two more candidates would be expected to embrace the blockchain here since Arizona, Michigan, and Nevada elect officials supporting digital currency. So far, the U.S. presidential elections have favored Republican candidate Donald Trump.
According to the predictions at the poly market, the probability of Trump occupying the next U.S. presidency has risen to 96.5%. Trump threatened to remove the head of the Securities and Exchange Commission, Gary Gensler, on the first day after he inaugurated the U.S. presidency.
This has led to a widespread buy signal throughout the market, as the GOP candidate has been very pro-crypto.
Earlier today, the Bitcoin fee for a new block reached a new high of $75,011. The same is true for the global crypto market cap, which reached $2.57 trillion – its local high.
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