US: 2025 Congress Expected To Be Crypto Friendly Regardless Of Election Result

The 2025 Congress is likely to crypto-friendly, regardless of who controls the gavels and occupies the White House, according to a new report from Politico detailing a $160 million political spending spree by cryptocurrency firms and executives. 

• Politico notes: “As many as 13 new pro-crypto candidates could ascend to seats in the House next year with backing from the industry’s network of super PACs, which have spent big to promote allies and block critics in races across the country. The potential House members range from progressive Democrats who tout digital assets as a tool for financial inclusion to Republicans who bash the Biden administration’s crypto policy and say the technology can create “economic freedom.””
• The report continues: “The Senate is expected to gain several pro-crypto members, including Reps. Adam Schiff (D-Calif.) and John Curtis (R-Utah), who are all but guaranteed to win races in their respective states. Republicans in nearly every key battleground Senate contest are crypto proponents, meaning that any seats the GOP flips will deliver a new ally.”
• The number 1 focus for crypto groups is the Ohio Senate race, where more than USD$40 million has been dropped to unseat Senator Sherrod Brown (D-OH), the chair of the Senate Banking Committee and one of crypto's most prominent critics.
• GOP challenger Bernie Morena said last year: “A career politician like Sherrod Brown has absolutely no idea how digital currencies work and is the least qualified person possible to regulate the industry.”