New Era

Donald Trump

United

The election of Donald Trump as the 47th President of the United States, along with the entrance of over 250 crypto-friendly members into Congress, is raising hopes for a new, innovative approach to crypto regulation. The newly elected Congress, filled with pro-crypto politicians, aims to establish clear regulations and position the U.S. as a global leader in the industry. 
<a href="https://www.qubetics.com/?utm_source=TNYR&amp;utm_medium=postBANNER" target="_blank" rel="noopener nofollow"><img loading="lazy" decoding="async" class="size-full wp-image-24541 aligncenter" src="https://www.turkishnyradio.com/wp-content/uploads/2024/10/Qubetics-is-728x90-1-1.jpg" alt="Qubetics is 728x90 1 1" width="728" height="90" title="A New Era Begins: Will a Crypto-Friendly Congress Transform the Industry? 53"></a> 
This recent election marks a critical moment for the crypto industry in the U.S. With a Republican-led Senate and a crypto-supportive Congress under Trump’s leadership, the U.S. has the potential to become a pioneer in global cryptocurrency regulations. In response to Europe’s upcoming Markets in Crypto-Assets (MiCA) regulation in 2024, the U.S. is expected to adopt a more innovative stance. Former CFTC Chairman Chris Giancarlo called this shift the “return of innovation in the U.S.” 
<h2 id="the-crypto-sector-s-influence-on-the-elections">The Crypto Sector’s Influence on the Elections</h2> 
The crypto sector made a strong showing in the recent elections, with hundreds of millions of dollars spent supporting pro-crypto candidates in Congress and the Senate. In Ohio, significant support was directed toward candidates like Bernie Moreno, with crypto-backed funds playing a key role in the state’s elections. Overall, 10% of advertising spending came from crypto-financed campaigns. 
<img loading="lazy" decoding="async" class="size-full wp-image-27999 aligncenter" src="https://www.turkishnyradio.com/wp-content/uploads/2024/11/the-impact-of-pro-crypto-policies-on-the-cryptocurrency-industry-in-the-United-States.-Show-symbols-of-popular-digital-curre.webp" alt="the impact of pro crypto policies on the cryptocurrency industry in the United States. Show symbols of popular digital curre" width="1792" height="1024" title="A New Era Begins: Will a Crypto-Friendly Congress Transform the Industry? 54" srcset="https://www.turkishnyradio.com/wp-content/uploads/2024/11/the-impact-of-pro-crypto-policies-on-the-cryptocurrency-industry-in-the-United-States.-Show-symbols-of-popular-digital-curre.webp 1792w, https://www.turkishnyradio.com/wp-content/uploads/2024/11/the-impact-of-pro-crypto-policies-on-the-cryptocurrency-industry-in-the-United-States.-Show-symbols-of-popular-digital-curre-768x439.webp 768w, https://www.turkishnyradio.com/wp-content/uploads/2024/11/the-impact-of-pro-crypto-policies-on-the-cryptocurrency-industry-in-the-United-States.-Show-symbols-of-popular-digital-curre-1536x878.webp 1536w" sizes="(max-width: 1792px) 100vw, 1792px"> 
The Defend American Jobs (DAJ) political action committee, an extension of the crypto-friendly Fairshake, had a noticeable impact in West Virginia, launching a $3 million ad campaign to support Republican candidates. Industry leaders are hopeful for clear and innovative regulations in the future. Coinbase CEO Brian Armstrong expressed optimism, stating, “The crypto electorate has sent a strong and clear message: We want clear rules in the U.S., and we look forward to working with the new Congress to achieve this.” 
<h2 id="anti-crypto-sentiment-persists-in-some-states">Anti-Crypto Sentiment Persists in Some States</h2> 
Despite the progress, not all states were receptive to the crypto sector’s efforts. In Massachusetts, prominent Republican candidate John Deaton, who had significant crypto backing, lost to Elizabeth Warren, a known crypto critic who won her third term and appears committed to her strict stance on crypto regulation. 
These <a href="https://www.turkishnyradio.com/bitcoin-hits-all-time-high-as-post-election-optimism-boosts-crypto-markets/" target="_blank" rel="noopener">election</a> outcomes could shape the regulatory path for cryptocurrencies in the U.S., and all eyes are now on the actions that the new president and Congress will take in the coming months.

A New Era Begins: Will a Crypto-Friendly Congress Transform the Industry?

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