Is the crypto industry well positioned heading into the new Congress?

The cryptocurrency industry appears to be entering the new session of Congress in a favorable position. This optimistic outlook is supported by recent electoral developments.

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According to a tracker maintained by an organization named Stand with Crypto, a significant number of candidates who are supportive of cryptocurrency have been elected to office. Specifically, the group reports that 274 pro-crypto candidates have secured seats in the House of Representatives.

In addition to the House, the Senate has also seen an influx of cryptocurrency-friendly representatives. The tracker indicates that 20 pro-crypto candidates have been elected to the Senate during this election cycle.

These figures suggest that there may be a growing level of support for cryptocurrency within the halls of Congress. With a substantial number of representatives and senators who are favorable to the industry, the potential for positive regulatory changes could increase.