Trump returns to the White House with an army of cryptocurrency supporters

As Donald Trump prepares to return to the White House, candidates supporting the development of the cryptocurrency industry have secured a majority in the House of Representatives (247 seats) and significant representation in the Senate (15 seats) of the US Congress, according to the advocacy organization crypto community Stand With Crypto (SWC).

Image source: Copilot

According to Cointelegraph, pro-crypto candidates were elected in almost every state except New Mexico, Alaska, Hawaii, Vermont and Maine. At the same time, politicians opposed to cryptocurrencies won 113 seats in the House of Representatives, and there were 10 such candidates in the Senate.

Support for cryptocurrencies has become an important topic in elections, reflected in a significant number of elected politicians supporting cryptocurrencies. In this case, financing of election campaigns played an important role. According to SWC, approximately $206 million has been donated to promote pro-crypto candidates, with $204 million of that going to Fairshake, a pro-crypto political committee. Additionally, nearly $3 million was donated directly to SWC.

One of the key moments of the US presidential election was also the victory of Republican Bernie Moreno in Ohio. Moreno, who supports cryptocurrencies, won the Senate seat against Democrat Sherrod Brown, known for his uncompromising criticism of the crypto industry. Moreno received more than 2.8 million votes, or 50.2% of the total, while Brown received 2.5 million votes, or 46.4%. More than $500 million has been spent in this race, with Fairshake also contributing $40 million to support Moreno. Major backers included companies such as Coinbase, Ripple Labs and Andreessen Horowitz.

In addition to Moreno’s victory, Tim Sheehy also defeated Sen. Jon Tester in Montana. However, not all pro-crypto politicians have been successful. Thus, in Massachusetts, Senator Elizabeth Warren, who criticizes cryptocurrencies, confidently defeated Republican John Deaton, an active defender of the crypto industry.

admin

Share
Published by
admin

Recent Posts

Nissan Leaf EV to Become NACS-Ported Compact Crossover in Third Generation

Nissan Leaf can rightfully be considered a long-liver of the electric car market, since the…

3 days ago

OpenAI expects to more than triple its revenue this year and then double it next year.

OpenAI, the market leader in generative artificial intelligence systems, remains nominally a startup, its financial…

3 days ago

OpenAI Decides to Hold 4o Image Generation Launch for Free Users

OpenAI has been forced to delay the release of ChatGPT's built-in image generator for free…

3 days ago

1440p and 240Hz for just $200: Xiaomi updates the 27-inch Redmi G27Q gaming monitor

Xiaomi continues to update its Redmi G27Q gaming monitor every year. The model was first…

3 days ago

Beware, Android is shutting down: OS development will cease to be public, but there is no reason to panic

Android device makers can significantly customize the look and feel of the operating system, but…

3 days ago

Fake GeForce RTX 4090s with RTX 3090 chips have started popping up in China — craftsmen are even changing the GPU markings

In China, scammers have started selling GeForce RTX 3090 graphics cards, passing them off as…

3 days ago