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Victory for Pro-Crypto Candidates: New Prospects for the Industry

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6 hours ago

The 2024 US elections saw a significant win for pro-crypto candidates, bringing optimism to investors in the crypto industry.

Impact of Donations on Elections

The crypto industry invested over $130 million in the elections, helping bring pro-crypto candidates to Congress. Ohio candidate Bernie Moreno received substantial financial backing from the crypto industry, aiding his victorious campaign.

Massive Pro-Crypto Campaigns

The elections were seen as a pivotal moment for crypto regulation. Through organizations like Protect Progress and Defend American Jobs, the industry spent over $135 million supporting pro-crypto candidates.

New Pro-Crypto Voices in Congress

With new pro-crypto voices in Congress, candidates may pass legislation to weaken the SEC’s stringent actions against crypto businesses.

The election of pro-crypto candidates and Trump's presidency bring hope for clarity in regulations and positive changes in the crypto industry.

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