Democrat Elizabeth Warren has decisively won re-election to the Massachusetts Senate seat, securing 74% of the vote, with over 145,000 votes counted so far.
Her victory over crypto advocate John Deaton marks the continuation of her tenure, extending her influence in the Senate since 2013.
Deaton, a well-known crypto lawyer, notably supported XRP holders during the legal battle with the SEC.
Despite his strong crypto industry backing, including significant donations from the Winklevoss twins and Ripple, he was considered an underdog, trailing Warren by 20 to 30 percentage points in most polls.
During their debates, Deaton accused Warren of stifling crypto innovation, while Warren emphasized the need for crypto businesses to adhere to regulations, particularly around consumer protection and anti-money laundering.
Her 2023 Digital Asset Anti-Money Laundering Act has been a point of contention, with critics arguing it could stifle the sector.
Warren’s win ensures that Massachusetts will continue to have two Democratic senators, maintaining their 11-year streak in the U.S. Senate.
The first week of July brings several important developments in the United States that could influence both traditional markets and the cryptocurrency sector.
Ric Edelman, one of the most influential voices in personal finance, has radically revised his stance on crypto allocation. After years of cautious optimism, he now believes that digital assets deserve a far larger share in investment portfolios than ever before.
In the case involving Terraform Labs and its co-founder Do Hyeong Kwon, the defense has asked the Federal Court for the Southern District of New York to extend the deadline for pretrial filings by two weeks, pushing it beyond the original date of July 1, 2025.
Coinbase has emerged as the best-performing stock in the S&P 500 for June, climbing 43% amid a surge of bullish momentum driven by regulatory clarity, product innovation, and deeper institutional interest in crypto.