Donald Trump has secured his position as the 47th president of the United States after winning the Nov. 5 election, capturing crucial swing states such as Pennsylvania, Michigan, and Georgia. He garnered 277 electoral votes against Kamala Harris's 224. Trump's victory is viewed positively by the cryptocurrency community, as he has pledged to enhance support for digital assets and criticized the current SEC chair, Gary Gensler. In conjunction with his win, 247 pro-crypto candidates were elected to the House of Representatives and 15 to the Senate. Trump emphasized his commitment to creating a supportive environment for cryptocurrencies in his victory speech. Meanwhile, the crypto industry celebrated with optimism as pro-crypto lawmakers may now influence regulations concerning digital assets, including the Financial Innovation and Technology for the 21st Century Act. Key electoral activities included flipping seats like Bernie Moreno's victory over Sherrod Brown in Ohio. The election's outcome is projected to significantly impact future crypto legislation in the U.S.

Source 🔗