If History Repeats Itself, Will the US Congress Become More Pro-Crypto?
Summary
Following the 2024 elections, where approximately 270 lawmakers favorable to digital assets won seats, cryptocurrency advocacy groups like Stand With Crypto and PACs such as Fairshake are intensifying efforts for the 2026 midterms. This momentum follows legislative actions in 2024, including the House passing three crypto-related bills, one of which (the GENIUS Act stablecoin legislation) was signed into law by President Trump. Fairshake, backed by major crypto firms like Ripple Labs and Coinbase, reported holding $141 million and remains committed to supporting candidates who favor innovation and responsible regulation. The 2026 elections will determine all 435 House seats and 33 Senate seats. While the outcome could shift congressional control, the presidency remains Republican-held until 2028, meaning a Republican White House could veto Democrat-led legislation. The industry's influence was evident in 2024, such as Bernie Moreno's crypto-backed win in Ohio, though some crypto-aligned candidates also lost, indicating that the industry's ability to sway voters remains an open question.
(Source:Cointelegraph)