Crypto Industry Influences Key US Congressional Races with $119 Million in Support

Several crypto-backed candidates win, potentially shaping a more digital asset-friendly Congress.

The cryptocurrency industry invested heavily in pro-crypto congressional candidates, spending over $119 million.
Bernie Moreno, backed by $40.2 million from the crypto sector, defeated incumbent Sherrod Brown in the Ohio Senate race.
Elissa Slotkin in Michigan and Jim Justice in West Virginia won their races with substantial crypto industry support.
Elizabeth Warren retained her Massachusetts Senate seat despite a $4.2 million effort by the crypto industry to unseat her.
Several races, including those in Arizona and California, remain undecided but saw significant financial backing from crypto interests.