Crypto advocates may soon be celebrating a major political shift, with results from the 2024 U.S. election showing hundreds of pro-crypto candidates winning seats in Congress.

The results have come in the wake of the sector flexing its political and financial muscles, spending more than $238 million to grow its influence in the American legislative space.

Crypto Spending Boosts Key Senate Races

Initial projections from the Fox News Decision Desk and live results from the Stand With Crypto website indicate that pro-crypto candidates have had considerable success across various states.

As of the latest tally, 247 pro-crypto candidates were winning in the House of Representatives, against 113 with the opposite stance. Similarly, in the Senate, 15 crypto-friendly voices were ahead in their respective races, while only ten anti-crypto politicians showed signs of making it to Capitol Hill.

Substantial spending from Political Action Committees (PACs) aligned with the digital assets industry was seen in several high-profile Senate races. For example, Bernie Moreno, the Republican candidate for the Ohio Senate seat, successfully ousted Democratic incumbent and Elizabeth Warren ally Sherrod Brown.

The pro-crypto super PAC Defend American Jobs reportedly boosted Moreno’s campaign to the tune of $40.1 million. Coinbase CEO Brian Armstrong and prominent venture capitalists Marc Andreessen and Chris Dixon also made personal contributions.

Beyond the Senate, crypto funding made an impact across multiple Congressional races, with victories for candidates who have openly advocated for blockchain and digital assets.

In Indiana, Republican Jim Banks secured a Senate seat with substantial backing from the Defend American Jobs PAC, which contributed $3 million to his campaign. The PAC also directed $2 million toward John Curtis in Utah, where he succe