Crypto candidates fared well on election night
Many Americans stayed up late to follow election results, with President-elect Donald Trump taking an early lead. Trump’s victory speech highlighted the significance of his campaign, mentioning Tesla CEO Elon Musk as a supporter. Despite no appearance from Vice President Kamala Harris, supporters claimed votes were still being counted. Bitcoin's price surged to new all-time highs, spurred by expectations of a crypto-friendly regulatory environment under Trump, according to legal experts. Crypto candidates had mixed results; while some pro-crypto policies could emerge with Trump’s election, candidates like John Deaton lost to anti-crypto figures like Elizabeth Warren. Overall, the election demonstrated a strong support from the crypto community, which may influence future policies regarding digital currencies.
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