As the 2024 US election approaches on Nov. 5, the blockchain industry observes its political landscape. Senator Cynthia Lummis (R-WY) and Senator Kirsten Gillibrand (D-NY) are highlighted as advocates, with Lummis introducing significant crypto legislation like the Responsible Financial Innovation Act. Congressman Patrick McHenry (R-NC) and Senator Ted Cruz (R-TX) also support crypto, with Trump re-evaluating his stance on the asset class amid rising crypto enthusiasm. In contrast, Senator Elizabeth Warren (D-MA) leads opposition efforts against crypto, underscoring its links to illicit activities. Senator Lindsey Graham (R-SC) backs Warren's anti-money laundering legislation, while Senator Bernie Sanders (I-VT) has expressed skepticism but has not been vocal compared to Warren. Congressman Brad Sherman (D-CA) denounces crypto for its perceived hidden nature, arguing it facilitates criminality. Senator Sherrod Brown (D-OH), chair of the Senate Banking Committee, similarly criticizes the industry for its associated risks.

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