In Texas and Alabama, candidates advocating for crypto markets secured comfortable victories in their bids for senate seats.
The influence of crypto supporters is evident in the approaching 2024 US elections. As per a report on X, Fox journalist Eleanor Terrett notes the strong performances of pro-crypto candidates in Texas and Alabama. This triumph follows shortly after XRP advocate John Deaton declared that his campaign would accept donations in cryptocurrency.
Pro-Crypto Candidates Secure Decisive Wins
According to a post by Eleanor Terrett, pro-crypto candidates in Texas and Alabama secured substantial victories in their races. Shomari Figures of Alabama is set to compete in a Democratic primary runoff in April, while Julie Johnson of Texas obtained over 50% of the vote, positioning herself for the November race for Colin Allred’s seat.
The success of crypto-friendly politicians coincides with the rising momentum of others in gaining significant voter support. In an effort to unseat Elizabeth Warren in the Senate, John Deaton, a pro-XRP advocate, initiated a fundraising campaign yesterday.
Deaton’s campaign is also open to cryptocurrency donations. Overall, the cryptocurrency community has demonstrated overwhelming support for Deaton, with notable figures like Anthony Scaramucci endorsing his candidacy.
It’s evident that crypto voters are seeking politicians with progressive policies and a willingness to embrace and understand digital currencies. A notable case highlighting this is Katie Porter’s loss in the Senate race. Porter’s alignment with Senator Elizabeth Warren’s anti-crypto stance is believed to have contributed to her defeat by Adam Schiff in the California Senate Primary.
In an effort to increase representation of cryptocurrency advocates in US politics, support has rallied behind John Deaton since his announcement to challenge Elizabeth Warren for a Senate seat.
However, Warren has not been idle. She mobilized her supporters upon hearing of potential opposition, urging them to reject Deaton through emails and online fundraising efforts. Nevertheless, her actions have faced scrutiny from the broader crypto community, as reported by Bloomberg.
The Significance of Crypto Voters
The influence of cryptocurrency-using voters will be pivotal in this year’s US elections. Previously, the US Energy Information Administration (EIA) faced a court order to halt the collection of data on energy consumption related to Bitcoin mining operations.
This decision stemmed from legal action initiated by the Texas Blockchain Council and Riot Platforms, among other industry participants, aiming to cease such data gathering.As reported by Forbes, one in every five Americans presently possesses digital assets, totaling precisely 52 million individuals.
This sizable figure holds the potential to significantly sway the outcome of the US presidential election. Consequently, any political entity aspiring to secure electoral victory would likely need to garner support from Bitcoin enthusiasts.
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