Either Republicans or Democrats could have control of the House of Representatives in 2025, but a majority of lawmakers favoring crypto policies will still be in Congress.
News outlets continue to report election results for United States House of Representatives races in California and Nevada, with more candidates supported by cryptocurrency political action committees (PACs) winning their races.
As of Nov. 8, the Associated Press reported that Republican Young Kim won her race in California’s 40th congressional district and Democrats Susie Lee and Steven Horsford in Nevada’s 3rd and 4th congressional districts, respectively. The Fairshake PAC spent more than $3.7 million on Horsford’s and Kim’s races through media buys, while Gemini co-founders Cameron and Tyler Winklevoss and other crypto executives contributed the maximum allowable amount to all three candidates’ campaigns.
In addition to the House races, which could determine whether Democrats or Republicans have majority control in the chamber in 2025, Republican David McCormick defeated Democrat Bob Casey Jr. in a crucial race for a US Senate seat in Pennsylvania. The Bitcoin Voter PAC — a committee backed by crypto mining executives — spent roughly $35,000 to support McCormick in the general election.
