Coinbase-backed digital asset advocacy group Stand With Crypto says that over 250 pro-crypto candidates have been voted into Congress.
In response to the non-profit group, final evening’s presidential election – which noticed Donald Trump defeat Vice President Kamala Harris – additionally included victories for 257 pro-crypto candidates within the Home and 16 within the Senate.
Nevertheless, Stand With Crypto’s knowledge additionally exhibits that 115 anti-crypto politicians have been voted into the Home whereas 12 of them received their respective Senate races.
Professional-crypto candidates largely got here from the states of California (20), Texas (30), Florida (21), Georgia (10), Michigan (10), New York and Pennsylvania, which each had 12.
Notable winners included Dave McCormick, who received a Senate seat in Pennsylvania. Earlier this yr, McCormick emphasized the significance of embracing blockchain know-how to create new job alternatives and heighten nationwide safety.
John Deaton, who has represented XRP and crypto holders in courtroom a number of occasions, didn’t defeat incumbent Elizabeth Warren of Massachusetts, a recognized anti-crypto Senator. Deaton lost the race by over 600,000 votes.
In a brand new submit on the social media platform X, Coinbase chief government Brian Armstrong says the election outcomes present that Individuals disproportionately care about crypto.
“Welcome to the brand new members of America’s most pro-crypto Congress ever… 219+ pro-crypto candidates and counting have now been elected to the Home and Senate.
Tonight the crypto voter has spoken decisively – throughout social gathering traces and in key races throughout the nation. Individuals disproportionately care about crypto and wish clear guidelines of the street for digital belongings. We stay up for working with the brand new Congress to ship it.”
Do not Miss a Beat – Subscribe to get e-mail alerts delivered on to your inbox
Examine Price Action
Observe us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Day by day Hodl are usually not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual threat, and any losses chances are you’ll incur are your accountability. The Day by day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Day by day Hodl an funding advisor. Please observe that The Day by day Hodl participates in affiliate marketing online.
Generated Picture: DALLE-3
