Pro-crypto candidates dominate US House, Senate amid bull run

As the market continues its bull run, pro-crypto candidates for the US Senate and House of Representatives are leading the race against anti-crypto candidates.

According to data provided by Stand With Crypto, 226 and 14 pro-crypto candidates were elected to the US House of Representatives and Senate, respectively.

US elections | Source: Stand By Crypto

The number of anti-crypto candidates elected for the House of Representatives and the Senate remains quite low, at 106 and 9 respectively. Among them is Democratic Senator Elizabeth Warren of Massachusetts, who has made 83 anti-crypto statements, according to data from Stand With Crypto.

Winners include Republican Senator Bernie Moreno of Ohio, who campaigned on a strong pro-crypto platform and defeated anti-crypto candidate Sherrod Brown.

Coinbase co-founder and CEO Brian Armstrong has shown strong support for pro-crypto voters and candidates in X. He shared his enthusiasm for working with the “new Congress to make this happen.”

Welcome new members of America’s most pro-crypto Congress ever… More than 219 pro-crypto candidates and counting have been elected to the House and Senate.

Tonight, crypto voters spoke out decisively across party lines and in key races across the country. Americans… pic.twitter.com/t91wC3Wtzr

— Brian Armstrong (@brian_armstrong) 6 November 2024

“Americans care disproportionately about crypto and want clear rules for digital assets.”

Armstrong X said in his post.

At this point, several more pro-crypto candidates are expected to join as Arizona, Michigan, and Nevada vote for politicians who strongly support digital assets.

Taurus elections

The US presidential elections have so far ended in favor of Republican candidate Donald Trump.

According to Crypto.news, the probability of Trump becoming the next US president reached 96.5% on Polymarket. Trump has vowed to fire Securities and Exchange Commission chairman Gary Gensler “on day one” as US president.

This triggered a market-wide bullish momentum due to the GOP candidate’s strong support of the crypto industry.

Bitcoin (BTC) reached an all-time high of $75,011 earlier today. The value of the global crypto market has also reached $2.57 trillion locally.