Pro-crypto candidates sweep Congress, Senate, and presidency. (Photo by Bill Pugliano/Getty Images)
Key Takeaways
- Pro-crypto candidates win big in the 2024 US election, with Trump leading the charge.
- Crypto-friendly lawmakers sweep key Senate and House races.
- Election results pave the way for clearer crypto regulations and a more supportive environment.
The votes are in, and the counting has begun in the 2024 United States general election.
While the final tallies may take hours to emerge, early indications suggest a stunning trend: Americans have overwhelmingly backed candidates who support the cryptocurrency industry.
Months of intense public awareness campaigns and millions of dollars in donations appear to have paid off, as pro-crypto policymakers have made significant gains across party lines and in pivotal races nationwide.
Crypto Wave Sweep Senate and Presidential Race
In the 13 critical states where crypto was a key election factor, there was a closely contested battle between pro-crypto and anti-crypto candidates.
While the results were far from uniform, one trend emerged: pro-crypto candidates generally outperformed their counterparts in these tight races.
The crypto narrative also played a crucial role in the Presidential election, where Donald Trump, a vocal advocate for crypto, has taken a commanding lead.
Barring a major upset, Trump is poised to become the next President of the United States, with crypto supporters celebrating a major victory.
Trump Declared Winner of 2024 Presidential Race
In a defining moment for the 2024 election, former President and Republican presidential nominee Donald Trump has emerged as the clear victor in the presidential race, defeating Democratic nominee Kamala Harris by a significant margin.
According to the latest results, Trump has secured over 63 million and 270 electoral votes, surpassing the 213 electoral votes won by Harris.
With crucial swing states falling in his favor and Republicans having secured control of the Senate, Trump is poised to become the 47th President of the United States.
Warren Defeats Deaton in Massachusetts Senate Race
In a highly anticipated contest, Massachusetts Senator Elizabeth Warren has emerged victorious in her bid for a record third term, fending off a strong challenge from pro-crypto lawyer and Republican candidate John Deaton.
Despite Deaton’s significant fundraising efforts and robust community support, Warren’s incumbency advantage and reputation ultimately prevailed.
According to the final tally, Warren secured 37% of the total votes, outpacing Deaton’s 23.96%.
The crypto community, which had pinned high hopes on Deaton’s candidacy, will have to wait for another opportunity to gain a strong advocate in the Senate.
Moreno Wins Ohio Senate Race
In a major victory for the crypto community, Republican and pro-crypto candidate Bernie Moreno has won the Ohio Senate race, defeating incumbent Democrat Sherrod Brown.
According to the latest results, Moreno secured 46.10% of the total votes, with over 2.7 million ballots cast in his favor.
This marks a significant win for crypto advocates, who had rallied behind Moreno’s candidacy. With Moreno’s election, the crypto community can look forward to a strong advocate in the Senate.
Hovde Leads in Wisconsin Senate Race
In the Wisconsin Senate race, pro-crypto Republican Eric Hovde has taken a strong lead, holding 45.12% of the votes against anti-crypto Democratic candidate Tammy Baldwin.
As the final tally nears, a clear trend emerges: American voters have decisively backed pro-crypto candidates at both the Senate and federal levels.
This widespread support for crypto-friendly policymakers is a resounding endorsement of the industry’s growing influence and potential.
Landslide Victory for Pro-Crypto Candidates in House and Senate Races
Preliminary data from StandWithCrypto indicates that American voters have overwhelmingly backed pro-crypto candidates, electing an unprecedented 224 pro-crypto House Representatives and 14 pro-crypto Senators.
According to the pro-crypto map, a majority of the 50 states have chosen pro-crypto candidates, signaling a seismic shift in the political landscape.
Coinbase CEO Brian Armstrong, a vocal advocate for crypto-friendly policies who has donated millions to support pro-crypto candidates, took to social media to express his gratitude to the American public, noting,
“Americans disproportionately care about crypto and want clear rules of the road for digital assets. We look forward to working with the new Congress to deliver it. Thank you to everyone who stood with crypto today. We did it! “
The Key Races
| Race | State | Verdict |
|---|---|---|
| Bernie Moreno vs. Sherrod Brown | Ohio Senate Race | Bernie Moreno wins. |
| Tim Sheehy vs. Jon Tester | Montana Senate Race | Decision pending. |
| Ruben Gallego vs. Kari Lake | Arizona Senate Race | Decision pending. |
| Dave McCormick vs. Bob Casey Jr. | Pennsylvania Senate Race | Decision pending. |
| John Deaton vs. Elizabeth Warren | Massachusetts Senate Race | Elizabeth Warren wins. |
| Mike Rogers vs. Elissa Slotkin | Michigan Senate Race | Decision pending. |
| Sam Brown vs. Jacky Rosen | Nevada Senate Race | Decision pending. |
| Steven Horsford vs. John Lee | Nevada 4th Congressional District Race | Decision pending. |
| Eric Hovde vs. Tammy Baldwin | Wisconsin Senate Race | Decision pending. |
| Angela Alsobrooks vs. Larry Hogan | Maryland Senate Race | Angela Alsobrooks wins. |
| Yadira Caraveo vs. Gabe Evans | Colorado 8th Congressional District Race | Decision pending. |
| Zach Nunn vs. Lanon Baccam | Iowa 3rd Congressional District Race | Zach Nunn wins. |
| Janelle Bynum vs. Lori Chavez-DeRemer | Oregon 5th Congressional District Race | Decision pending. |
Top Pro-Crypto Candidates to Watch in the US Elections: Donald Trump, John Deaton, and More
