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Donald Trump, who won the 2024 U.S. presidential election, returns to the White House with significant support from cryptocurrency-friendly voters. Cryptocurrency donations through Super PACs have had a notable impact on the future of the crypto industry in the U.S. in recent months.
Status of Crypto-Friendly Candidates in Congress
As reported by Fox News Decision Desk, Republican businessman Bernie Moreno achieved a significant victory by defeating Democrat Sherrod Brown in Ohio. This victory contributes to the Republicans’ approach to a Senate majority. Moreno’s success in replacing the anti-crypto Brown suggests that voters in Ohio desire a leader who supports innovation.
Ted Cruz and Other Crypto-Friendly Candidates
Texas Senator Ted Cruz secured his third term by defeating Democrat opponent Colin Allred. Cruz is recognized as a strong advocate for Bitcoin , supported by Bitcoin Voter PAC. Democratic Representatives Ritchie Torres and Dan Goldman also achieved success in their respective elections. However, XRP supporter John Deaton lost his race against anti-crypto Senator Elizabeth Warren in Massachusetts, despite receiving approximately $2.6 million in donations from the crypto industry.