Donald Trump has won the 2024 U.S. presidential election. During his election campaign, Trump expressed clear support for cryptocurrency. He said he wanted the U.S. to be a leader in crypto innovation. He even proposed creating a national Bitcoin reserve and pushing for crypto-friendly regulations. Trump’s victory brings attention to the U.S. Senate. The Senators’ positions on crypto will play a key role in deciding if Trump’s pro-crypto ideas can move forward.
Here is a look at the winning Senators’ crypto views:
Winning US Senators and Their Views On Crypto
Wisconsin Senate
Winner: Tammy Baldwin – D
Anti crypto US senator
Tammy Baldwin retained her seat in the Wisconsin Senate race. She is strongly against crypto, often voicing concerns about its risks to financial stability.
Maryland Senate
Winner: Angela Alsobrooks – D
Somewhat supports crypto
Angela Alsobrooks won in Maryland’s Senate race. She somewhat supports crypto, taking a moderate approach that includes advocating for balanced regulations to protect consumers.
Nevada 4th Congressional District Race
Winner: Steven Horsford – D
Pro crypto US Senator
Steven Horsford won the Nevada 4th Congressional District race. He is a strong crypto supporter and has shown consistent support for blockchain innovation and the digital economy.
Massachusetts Senate
Winner: Elizabeth Warren – D
Anti crypto senator
Elizabeth Warren won the Massachusetts Senate race. She is strongly against crypto, frequently highlighting issues of fraud and the need for strict regulation.
Michigan Senate
Winner: Elissa Slotkin – D
Pro crypto US Senator
Elissa Slotkin emerged as the winner in the Michigan Senate race. She strongly supports crypto and has called for policies that encourage the growth of the industry with adequate oversight.
Pennsylvania Senate
Winner: Dave McCormick – R
Strongly supports crypto
Dave McCormick won the Pennsylvania Senate seat. He is a firm supporter of crypto, advocating for policies that boost digital assets as a part of economic development.
Arizona Senate
Winner: Ruben Gallego – D
Strongly supports crypto
Ruben Gallego won the Senate race in Arizona. He is a strong supporter of cryptocurrency and aims to keep the U.S. competitive in the blockchain space.
Ohio Senate
Winner: Bernie Moreno – R
Strongly supports crypto
Bernie Moreno won in Ohio’s Senate race. A dedicated supporter of crypto, he has pledged to reduce barriers for crypto businesses to operate in the U.S.
Montana Senate
Winner: Tim Sheehy – R
Strongly supports crypto
Tim Sheehy won the Montana Senate race. He is a strong proponent of cryptocurrency, pushing for policies that encourage innovation in the digital economy.
Nevada Senate
Winner: Jacky Rosen from – D
Strongly supports crypto
Jacky Rosen was victorious in Nevada’s Senate race. Notably, she is a strong supporter of crypto.
Oregon 5th Congressional District race
Winner: Janelle Bynum – D
Neutral view on crypto
Janelle Bynum won the Oregon 5th Congressional District race. Though her opinion on crypto is neutral, she has not publicly opposed or supported it.
Iowa’s 3rd Congressional District
Winner: Zach Nunn from – R
Strongly supports crypto
Zach Nunn won the election from Iowa’s 3rd Congressional District. He also strongly supports crypto and has been vocal about advancing policies that promote digital assets.
Colorado 8th Congressional District
Winner: Yadira Caraveo – D
Strongly supports crypto.
Yadira Caraveo had shown interest in supporting crypto-friendly policies for growth.
Does Pro-Crypto Trump Have Enough Support To Pass Crypto Laws?
According to the Stand With Crypto Organization, pro-crypto candidates gained strong support in Congress in US election 2024. In the House of Representatives, 261 elected members support cryptocurrency, while 116 oppose it. In the Senate, 17 Senators are pro-crypto, and 12 are against it.
With Donald Trump back in office, this support in Congress could help him push for crypto-friendly laws. The strong majority in the House of Representatives gives him a good base to start with. However, the Senate is more evenly divided, with only a small advantage for pro-crypto Senators.
Consequently, while Trump has some support to pass crypto laws, he may still face challenges. Above all, in order to succeed, he will need to convince some undecided lawmakers.
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