Trump Secures Victory in 2024 Presidential Election Amid Pro-Crypto Surge
Overview of Election Results
Donald Trump wins the US Presidential Election 2024, defeating Kamala Harris. Many pro-crypto candidates gain seats in Congress, influenced by substantial crypto donations and voter mobilization.
BREAKING: Donald Trump has won the 2024 election and will be the 47th president of the United States. pic.twitter.com/6KfH01s7K1
— The Kobeissi Letter (@KobeissiLetter) November 6, 2024
🚨NEW: The @FoxNews Decision Desk is projecting pro-crypto Republican businessman @berniemoreno will defeat Ohio Democratic Senator @SenSherrodBrown, flipping the seat red. The GOP is now getting closer to an outright Senate majority.
— Eleanor Terrett (@EleanorTerrett) November 6, 2024
Crypto definitely spent here:
Pro-crypto…
Crypto-Backed Candidates in Congress
- House of Representatives: A strong wave of support brings 215 pro-crypto candidates into the House, contrasting with 107 anti-crypto representatives.
- Senate Gains: 14 pro-crypto candidates elected to the Senate, while 9 anti-crypto candidates retained seats, marking a shift in support for digital assets in US legislation.
High-Profile Wins in Ohio and Texas
- Bernie Moreno’s Senate Win: In Ohio, pro-crypto businessman Bernie Moreno wins over Democratic incumbent Sherrod Brown. Crypto donations, particularly from the Defend American Jobs Super PAC, fuel his campaign.
- Ted Cruz’s Re-election in Texas: Texas Senator Ted Cruz wins a third term with backing from the Bitcoin Voter PAC, bolstering his stance on pro-Bitcoin policies.
Support from Industry Leaders and Super PACs
- Moreno’s Backing: High-profile crypto figures like Coinbase’s Brian Armstrong and venture capitalists Marc Andreessen and Fred Ehrsam contributed to Moreno’s campaign, totaling $54,600.
- Protect Progress PAC Impact: Democratic Representatives Ritchie Torres and Dan Goldman receive significant support from the pro-crypto super PAC Protect Progress, securing their seats with financial boosts for their campaigns.
Challenges and Notable Losses
- Elizabeth Warren Defeats John Deaton: In Massachusetts, crypto lawyer John Deaton loses to anti-crypto Senator Elizabeth Warren, despite $2.6 million in crypto industry support.
Crypto Voter Influence on the 2024 Election
Top crypto advocates celebrate the influence of “crypto voters” in key races. Ripple CEO Brad Garlinghouse and Coinbase CEO Brian Armstrong emphasize the demand for regulatory clarity from Congress. Coinbase CLO Paul Grewal addresses the SEC, urging for a shift from litigation to dialogue and rulemaking.
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