In the aftermath of the 2024 elections, crypto interest groups and PACs reportedly spent over $100 million on campaign contributions and media buys. Over 200 candidates expressing support for digital assets won their races, including notable wins like Donald Trump for President and Bernie Moreno in Ohio's Senate race. The Ohio race demonstrated the crypto lobby's growing influence. Major spending included over $90 million from Coinbase and Ripple to the Fairshake PAC, which aims to support pro-crypto candidates across party lines. This unprecedented spending raised concerns about influence peddling, with warnings from advocacy groups like Public Citizen. While pro-crypto initiatives claim non-partisanship, it appears Republicans benefited most in the 2024 elections, gaining Senate control and likely reinstating Trump. One focus among the crypto community involves removing SEC Chair Gary Gensler, criticized for his perceived harsh regulatory approaches toward the industry. The sentiment suggests a desire for a regulatory environment more conducive to blockchain innovation under pro-crypto lawmakers.

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