Pro-crypto candidates win election races across America

The 2024 United States elections have seen hundreds of pro-crypto candidates elected as results from across the nation continue to roll in. 

At the time of writing, data from Coinbase’s Stand With Crypto (SWC) website shows pro-crypto officials have been elected across most states. According to the site’s map, only New Mexico, Alaska, Hawaii, Vermont and Maine have yet to elect a pro-crypto candidate. 

Data from SWC indicates that 247 pro-crypto candidates have been elected to the House of Representatives, compared to 113 anti-crypto officials. In the Senate, 15 pro-crypto candidates have been elected, while 10 anti-crypto candidates have secured seats.

Crypto’s over $200 million donations see results

Crypto advocates donated about $206 million to election campaigns, according to SWC. Of this, around $204 million went to Fairshake, a pro-crypto super Political Action Committee, while nearly $3 million was donated to SWC itself.

On Nov. 6, pro-crypto Republican Bernie Moreno won an Ohio Senate seat from the incumbent Democrat Sherrod Brown. The Brown-Moreno contest was one of the costliest in terms of campaign advertising, with over $500 million spent.

Fairshake reportedly spent $40 million to help Moreno defeat Brown in one of its priority races. Key donors include Coinbase, Ripple Labs and Andreessen Horowitz’s founders.

Moreno won with more than 2.8 million votes, or 50.2% of the total, while Brown received 2.5 million votes, or 46.4%.

The win adds a pro-crypto politician to the Senate and removes an anti-crypto voice. Brown has close ties to Securities and Exchange Commission Chair Gary Gensler, who has been a leading figure in US regulatory crackdowns on crypto businesses. 

Apart from winning the Ohio Senate seat, pro-crypto candidates are also in the lead in other key Senate races. 

In Montana, Tim Sheehy leads Jon Tester with over 247,000 votes to Tester’s 205,000. Sheehy is pro-crypto, while Tester has been rated neutral by SWC.  

In Pennsylvania, the race between Dave McCormick and Bob Casey is exceptionally close, with each candidate securing around 3.2 million votes. McCormick is pro-crypto, while Casey is graded as neutral.

In Wisconsin, the race between Tammy Baldwin and Eric Hovde is also tight, with both candidates receiving about 1.6 million votes. Baldwin is “strongly against crypto,” while Hovde has expressed some support for the industry.

Related: Trump victory: US crypto industry anticipates clarity, success

Warren beats Deaton in Massachusetts Senate race

While the election yielded some favorable outcomes for crypto, not all pro-crypto candidates prevailed. In Massachusetts, Democratic Senator Elizabeth Warren won a decisive victory over pro-crypto Republican John Deaton 

Warren is one of crypto’s most vocal critics in US politics, while Deaton is a well-known crypto advocate who has represented XRP holders in Ripple’s legal battle with the SEC.

What does Trump’s victory mean for crypto in the US?

For the latest analysis of Trump’s election victory and the crypto market reaction, tune in to today’s Rise’n’Crypto podcast from Cointelegraph.