Breaking: Donald Trump Wins, These Pro Crypto Candidates Won In This US Election

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As a seasoned analyst with over two decades of experience in the financial industry, I have witnessed numerous political and economic cycles that have shaped the global economy. The US Presidential Election 2024 has been an intriguing spectacle, especially for the crypto sector.

In simpler terms, Donald Trump emerged victorious in the 2024 U.S. Presidential Election, outperforming Kamala Harris significantly in both the House and Senate. The influence of cryptocurrency voters was substantial during this election cycle, as numerous pro-cryptocurrency candidates have been leading according to recent trends. The surge of crypto donations received by Super PACs over the past few months could potentially reshape the U.S. cryptocurrency sector dramatically.

As a researcher reporting an exciting development, I’m thrilled to announce that according to the latest results, it appears that Donald Trump has triumphed in the 2024 presidential election, making him the 47th President of the United States.

— The Kobeissi Letter (@KobeissiLetter) November 6, 2024

Pro Crypto Candidates to Dominate US Congress?

Based on information from Stand With Crypto, a higher number of pro-crypto representatives (226) have been elected to the House of Representatives compared to those who are against crypto (107). In contrast, there are fewer pro-crypto candidates in the Senate (14), while 9 anti-crypto lawmakers currently hold positions. This trend has led Bitcoin and the overall crypto market to reach new highs, with widespread enthusiasm from the community.

According to the Fox News Decision Desk, businessman Bernie Moreno, who is affiliated with the Republican party, appears to be leading incumbent Democratic Senator Sherrod Brown in Ohio. This result could be seen as a win for pro-cryptocurrency advocates and brings the Republican Party one step closer to achieving a majority in the Senate, as reported by journalist Eleanor Terret.

During the recent U.S. elections, Moreno, a vocal supporter of cryptocurrency, garnered substantial support from the crypto industry. The pro-cryptocurrency super PAC, Defend American Jobs, contributed a considerable $40.1 million to his campaign. In response to this development, the Super PAC commented:

Elizabeth Warren’s ally, Sherrod Brown, was a strong critic of cryptocurrency. Due to our efforts, he is stepping down from the Senate. The surprising victory of Senator-Elect Moreno indicates that Ohio voters are seeking a leader who values innovation, safeguards American economic interests, and will maintain our country’s technological superiority.

In addition to backing from a Super PAC, Moreno’s campaign also collected $54,600 from prominent figures in the cryptocurrency industry, such as Brian Armstrong (CEO of Coinbase), Marc Andreessen, Ben Horowitz, Chris Dixon, and Fred Ehrsam. Now, these individuals, many of whom are Republicans, along with other crypto legislators, will focus their efforts on fulfilling Donald Trump’s pledge to establish the United States as a global leader in cryptocurrency.

According to the Fox News Decision Desk’s projection, pro-cryptocurrency businessman Bernie Moreno, who leans Republican, is expected to win over Ohio Democratic Senator Sherrod Brown. This victory could potentially shift the Senate seat from blue to red, bringing the GOP closer to a complete majority in the Senate.

Crypto definitely spent here:

Pro-crypto…

— Eleanor Terrett (@EleanorTerrett) November 6, 2024

The Fox News forecast is similarly predicting that Texas Senator Ted Cruz will win a third term in office, outdoing Democratic House Representative Colin Allred. Notably, Cruz has been an advocate for Bitcoin following financial support from the Bitcoin Voter Political Action Committee, who financed a digital advertising campaign reminiscent of recent crypto exchange Gemini ads.

In other favorable outcomes for the crypto community, Democratic Representatives Ritchie Torres and Dan Goldman triumphed in their individual elections. The pro-crypto super PAC named Protect Progress made substantial contributions, spending approximately $150,853 to bolster Goldman’s campaign and around $110,148 for Torres.

Despite attorney John Deaton’s efforts, he was outrun by Senator Elizabeth Warren in the race, hailing from Massachusetts. The crypto industry contributed approximately $2.6 million towards Deaton’s campaign.

Crypto Voter Dominates US Election

Veterans in the cryptocurrency sector rejoiced over the election outcomes, as pro-crypto candidates emerged victorious. As stated by Ripple‘s CEO, Brad Garlinghouse, ‘Those who questioned it should take note: The crypto voter is a constant and powerful presence!’ Likewise, Coinbase CEO Brian Armstrong expressed his sentiment.

Tonight, the voice of the cryptocurrency voter was undeniably strong – transcending party boundaries and significantly influencing races nationwide. It appears that Americans have a keen interest in cryptocurrencies and are eager for clear guidelines regarding digital assets. We’re excited to collaborate with the new Congress to ensure these guidelines are established.

On the other hand, Coinbase CLO Paul Grewal had a message for the US SEC stating that the crypto voters clearly voted for a change. “Stop suing crypto. Start talking to crypto. Initiate rulemaking now. There’s no reason to wait,” he added.

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2024-11-06 10:06