Crypto got the president (and Senate) it wanted
The crypto world spent more than $130 million to elect more industry-friendly politicians this year, and it paid off this week.
The US elected as president Donald Trump, who made a number of promises to the industry, and the citizens of Ohio elected pro-crypto candidate Bernie Moreno to the US Senate.
Moreno’s victory means the Senate will be controlled by Republicans in 2025, spurring optimism that pro-crypto legislation could be possible in Washington, D.C.
Trump has promised to fire Securities and Exchange Commission Chair Gary Gensler, one of the industry’s greatest antagonists. He has also pledged to appoint a crypto presidential advisory council and establish a “strategic national bitcoin stockpile” with the help of…
