Republicans or Democrats may control the House in 2025, but pro-crypto lawmakers will dominate Congress.
As of Nov. 8, results showed wins for cryptocurrency-supported candidates, with Fairshake PAC and Gemini co-founders contributing significantly. The influence of crypto in politics was evident as the Bitcoin Voter PAC and cryptocurrency exchange Coinbase-backed initiative saw success.
The future legislative landscape may see significant changes, potentially impacting SEC leadership under Chair Gary Gensler. A shift in regulatory approach and potential pro-crypto legislations like the Financial Innovation and Technology for the 21st Century Act are anticipated.
Candidates’ criticism of Gensler’s strategies and the implications of regulating digital asset firms reveal a broader narrative in the evolving political and blockchain space.
