The cryptocurrency industry emerged as one of the biggest winners of the 2024 election, with 273 pro-crypto candidates winning U.S. House seats and 19 securing Senate positions, according to latest data compiled by Stand with Crypto tracker.
A crypto rally followed the Nov. 5 reelection of Donald Trump, who had pledged to turn the U.S. into the "crypto capital of the planet.” Bitcoin surged above $93,000 for the first time a week later, and other cryptocurrencies like ether, solana and especially dogecoin got a boost. Overall, the crypto industry saw the electoral results as a huge win that could push development of digital assets in the country.
