Rising Bipartisan Support for Cryptocurrency in US Government
Support for cryptocurrency within the US government is on the rise, especially among Republicans. Currently, 310 politicians support the crypto industry, while only 41 oppose it.
In the Senate, 37 Republicans and 6 Democrats are pro-crypto, while 2 Republicans and 10 Democrats are anti-crypto.
In the House of Representatives, 201 Republicans and 62 Democrats support crypto, whereas 3 Republicans and 26 Democrats are against it. Overall, 238 Republicans and 68 Democrats favor crypto, while 5 Republicans and 36 Democrats oppose it.
This data, from Stand With Crypto (SWC), includes both current members and challengers. The Senate shows a clear partisan divide with more Republicans supporting crypto, while the House exhibits strong bipartisan support, suggesting that crypto-friendly bills are likely to pass.
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Recent legislation, like the Financial Innovation and Technology for the 21st Century Act (FIT21), underscores the growing political momentum for crypto.
As the 2024 elections approach, crypto is expected to become a significant campaign issue, supported by substantial fundraising from crypto-focused Political Action Committees (PACs).
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
