'Crypto Has Already Won': Industry Leaders Hail The 'Most Pro-Crypto Congress' In US
History
The cryptocurrency industry is celebrating the victories of candidates who expressed support for the
sector in the lead-up to the 2024 U.S. elections, and for some prominent industry leaders, the wins
should be sending a clear message to the political realm—that crypto voters are a new demographic to
reckon with.Data from Stand With Crypto shows that as of 4:00 a.m. ET, Wednesday, there are 241
"pro-crypto candidates" elected into the House of Representatives while there are 14 elected senatorial
candidates who've expressed support for the sector.On the opposite side of the spectrum, there are 113
"anti-crypto" candidates who've been elected into the House and nine in the Senate.Crypto's Voice is Now
HeardFor Coinbase Chief Legal Officer Paul Grewal, "one thing is already clear: crypto has already won."
He went on to say that regardless of the outcomes, "the results will plainly be shaped by the crypto
voter."Coinbase CEO Brian Armstrong had similar thoughts, saying the U.S. is now seeing the country's
"most pro-crypto Congress ever." He added that the numbers are proof "Americans disproportionately care
about crypto and want clear rules of the road for digital assets."Freddie New, a co-founder at
crypto-centric ICDEF Research, believes that even if Sen. Elizabeth Warren defeated pro-crypto John
Deaton for the Massachusetts senatorial seat, "she's gone as head of the Banking Committee," and so is
"the poisonous attempt to shutter and destroy legitimate businesses through denying them banking
services."New was referring to what the industry dubbed as Operation Choke Point 2.0, an alleged joint
effort among federal bank regulators to intentionally block banking access to crypto firms.Tony Edward
of the Thinking Crypto podcast said that the Congress numbers so far speak for themselves. "I bet the
anti crypto folks are all gonna think twice about attacking this industry moving forward," he
projected.Ripple CEO Brad Garlinghouse had similar words, saying that the U.S. election outcomes is a
slap in the face of doubters. "The crypto voter is here to stay, loud and clear!" he wrote.David Bailey,
CEO of the Bitcoin Magazine, said the 2024 election was "truly the birth of the orange party," referring
to "orange-pilling," the term Bitcoiners use when they get another individual to believe in the
potential of the world's largest cryptocurrency by market value.Bailey also sent his congratulations to
the Ulbricht family. When Donald Trump, who is currently on track to become the 47th president of the
country, spoke at the Bitcoin Conference earlier this year, he promised to free Ross Ulbricht, the
creator of the darkweb marketplace Silk Road.Tyler Winklevoss, who co-founded the Gemini exchange with
his twin, Cameron, took a sarcastic dig at Warren and SEC Chair Gary Gensler. He said the crypto army
"delivered the Senate to the Republicans." The Winklevoss twins each donated $1 million worth of Bitcoin
to the Trump campaign.Trump Declares VictoryMeanwhile, in Florida, the Republican presidential candidate
declared that he has "won the popular vote." While all the numbers have yet to come in, it appears that
the presidential race's final outcome will hinge largely on this year's swing states.Unlike Vice
President Kamala Harris, Trump has repeatedly expressed support for Bitcoin and the broader crypto
industry. The Republican Party also made sure to include Bitcoin mining and digital assets as a priority
in its 2024 Platform's tech plans.