With the Republican Party gaining control of the Senate and potentially securing a majority in the House of Representatives, industry figures are hopeful that Trump\u2019s pro-crypto stance will lead to a more supportive environment for digital assets.<\/p>\n
The day after the election, Bitcoin\u2019s value<\/a> <\/strong>soared past $75,000, reflecting the market\u2019s growing expectations for regulatory clarity and potential legislative changes. Trump, who has consistently supported cryptocurrency, has hinted at replacing SEC Chair Gary Gensler, a move that many in the crypto space view as essential for advancing the industry\u2019s interests.<\/p>\n Moreover, several key Senate races pointed to an increasing pro-crypto shift, with Republican Bernie Moreno defeating anti-crypto incumbent Sherrod Brown in Ohio. Over 250 pro-crypto candidates secured seats in the House of Representatives, marking what Coinbase CEO Brian Armstrong has referred<\/a> <\/strong>to as \u201cthe most pro-crypto Congress ever.\u201d Armstrong pointed out that this shift mirrors a wider push for economic freedom, as voters reject excessive regulation and seek more market-oriented policies.<\/p>\n