Republicans have secured a slim majority in the Senate for 2025, yet the outcomes for two candidates with backing from crypto-backed political action committees (PACs) remain uncertain. As of November 8, Democrat Ruben Gallego was leading in the Arizona Senate race against Republican Kari Lake, who has styled herself as a pro-crypto candidate. However, she did not receive significant crypto industry support. In the contrasting Nevada Senate race, Republican Sam Brown was trailing behind Democrat Jacky Rosen, despite receiving donations from notable crypto figures including the Winklevoss twins and Fred Ehrsam. The Arizona race is anticipated to be finalized alongside the Nevada election results. Meanwhile, the election has been a mixed success for the crypto sector overall, with some candidates gaining significant backing, while others, such as John Deaton, faced defeats against critical lawmakers like Elizabeth Warren. Crypto PACs reportedly invested around $134 million in the 2024 elections, suggesting a significant financial influence in shaping the political landscape for cryptocurrency regulation and support.

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