Pro-crypto candidates dominate US House, Senate amid bull run

Pro-crypto candidates for the U.S. Senate and House of Representatives are leading the race against anti-crypto candidates as the market goes on a bull run.

According to data provided by Stand With Crypto, 226 and 14 pro-crypto candidates have been elected to the U.S. House and Senate, respectively. 

The number of anti-crypto candidates elected for House and Senate remains significantly lower—106 and 9, respectively. Among them is the Democratic Senator from Massachusetts, Elizabeth Warren, who has made 83 anti-crypto statements, per data from Stand With Crypto.

Winners include Republican Senator Bernie Moreno, who campaigned in Ohio on a strong pro-crypto platform defeating staunchly anti-crypto candidate Sherrod Brown.

Brian Armstrong, co-founder and CEO at Coinbase, showed strong support for the pro-crypto voters and candidates on X. He shared his enthusiasm for working with the “new Congress to deliver it.”

“Americans disproportionately care about crypto and want clear rules of the road for digital assets.”

Armstrong said in his X post.

At this point, a few more pro-crypto candidates would be expected to join since Arizona, Michigan and Nevada are voting for politicians who strongly support digital assets.

Bullish elections

The U.S. presidential elections have turned in Republican candidate Donald Trump’s favor so far. 

According to a crypto.news report, Trump’s odds of becoming the next U.S. president have reached 96.5% on Polymarket. Trump promised to fire the Securities and Exchange Commission chair Gary Gensler on “day one” of becoming the U.S. president. 

This has triggered a market-wide bullish momentum as the GOP candidate has strongly supported the crypto industry.

Bitcoin (BTC) reached a new all-time high of $75,011 earlier today. The global crypto market cap also hit a local high of $2.57 trillion.