Policy & Regulation
The US Senate races the crypto industry will be watching tonight

Credit : cryptonews.net
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Blissful Election Day to our American readers!
Yesterday we wrote a couple of shut Senate race that has caught the eye of main crypto donors. Listed below are another Senate races we’ll be watching tonight:
Utah Senate seat: Caroline Gleich (D) vs. Rep. John Curtis (R)
Within the race to interchange outgoing Senator Mitt Romney, present US Consultant Curtis is 35% forward of Democrat Gleich within the polls – a lead largely attributed to the crypto business.
The Defend American Jobs PAC (a part of the Fairshake Tremendous PAC trio) donated $1.9 million to Curtis’ marketing campaign in mid-October, accounting for practically 35% of the consultant’s complete contributions.
Curtis co-sponsored two crypto-related payments within the Home of Representatives this session: the FIT21 Act and the CBDC Anti-Surveillance State Act. He additionally voted in favor of the invoice geared toward discrediting the SEC’s SAB 121 pointers, which was finally vetoed by President Biden.
“[It] It is so essential to get the federal government concerned as a result of if they do not perceive what you are doing, they are going to make actually unhealthy choices,” Curtis mentioned at Blockworks’ Permissionless convention in Salt Lake Metropolis final month. “The worst factor about regulation is its unpredictability.”
Michigan Senate seat: Rep. Elissa Slotkin (D) vs. Former Rep. Mike Rogers (R)
This race might be attention-grabbing for 2 causes. First, will probably be very shut, in accordance with the most recent polls, with Slotkin main Rogers 49% to 48%. Second, it is one of many few races this yr the place each candidates look like comparatively supportive of crypto.
Slotkin has an A ranking from Stand With Crypto and he or she voted for each FIT21 and the invoice to undo SAB 121. The Defend Progress PAC (the Democratic pro-crypto group related to Fairshake) has since spent greater than $10 million supporting Slotkin. on the finish of October, FEC paperwork present.
Whereas Rogers additionally entered Election Day with a Stand With Crypto A ranking, the info supporting these rankings is considerably much less strong. Rogers, a U.S. Consultant from 2001 to 2015, has no report of voting on crypto however has used pro-crypto messaging throughout his marketing campaign.
Arizona Senate seat: Ruben Gallego (D) vs. Kari Lake (R)
In one other race that appears to be neck and neck, Lake and Gallego additionally each have an A ranking from Stand With Crypto.
Lake has publicly supported Donald Trump’s statements about bitcoin as a “final line of protection” in opposition to international adversaries and has accepted bitcoin donations throughout her marketing campaign.
Gallego, like Slotkin, additionally voted in favor of the SAB 121 decision and FIT21. He receives assist from Defend Progress to the tune of $10 million.
Keep tuned to Blockworks.co tonight for the most recent updates on extra crypto-related races.
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