Welcome to the Most Crypto-Friendly Congress in History, with 247 Pro-Crypto Candidates Winning House Seats

BlockBeats News, November 6th, according to Decrypt's report, the Republican Party has today secured control of the Senate, and according to Stand With Crypto data, a total of 247 pro-cryptocurrency candidates have won seats in the House of Representatives, while anti-cryptocurrency members amount to only 113. Industry insiders are optimistic about the potential for supportive regulation in Congress.

The House of Representatives, being larger and more diverse, usually initiates legislation, while the Senate, being smaller and more conservative, typically deliberates on these proposals. As both the House and Senate lean towards supporting cryptocurrency, the path to favorable legislation may be smoother. Coinbase CEO Brian Armstrong praised the election results as a watershed moment for cryptocurrency. Armstrong wrote on Twitter, "Welcome to the new members of Congress who are the most pro-crypto in American history."