Donald Trump has been re-elected as the president of the United States, winning the election on November 5 with 277 electoral college votes against Kamala Harris's 224. Trump gained crucial swing states such as Pennsylvania, Michigan, North Carolina, and Georgia, which he had previously lost in 2020. This victory is seen as a positive signal for the cryptocurrency industry, as Trump has previously expressed support for crypto and announced plans to fire SEC Chair Gary Gensler, potentially replacing him with crypto-friendly SEC Commissioner Hester Peirce. In the House of Representatives, 247 pro-crypto candidates have been elected, compared to 113 who are anti-crypto, while 15 pro-crypto candidates have secured Senate seats against 10 anti-crypto candidates. Trump promised a focus on national renewal and security while addressing immigration reform and emphasizing the importance of legal entry into the country. John Deaton, a notable pro-crypto figure, reflected on his loss in Massachusetts, highlighting the challenges faced against the incumbent Elizabeth Warren, a known critic of crypto.

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