More than a week after the midterm elections, 14 US House races have yet to be called. The races decided so far have added cryptocurrency supporters to both chambers, and the remaining undecided contests could bring additional crypto allies to Congress.
Three candidates in the uncalled races received financial backing from crypto political action committees. According to Stand With Crypto, every candidate in those races is either strongly pro-crypto or has not stated a position on the issue.
Three House Races With Crypto Backing
Alaska: Rep. Nick Begich leads in his race. Defend American Jobs, a Republican-focused affiliate of the crypto PAC Fairshake, supported him with $508,142 during the August primary.
North Carolina: Rep. David Rouzer leads in the 7th District. The same PAC contributed $150,600 to his campaign.
Louisiana: State Sen. Blake Miguez will face Democrat Chauna Banks in a December 12 runoff for the 6th District seat. The Fellowship PAC backed Miguez with $250,000.
Current Congress Composition
The Associated Press called the South Carolina 2nd District race for incumbent Rep. Joe Wilson on November 11. Stand With Crypto rates Wilson as strongly supportive of crypto. With his win, the group's tally shows 246 crypto supporters and 107 opponents in the House, while the Senate has 50 supporters and 33 opponents.
Educating New Members
Nearly one in four members of the incoming Congress will be newly elected, according to the Blockchain Association. Many new members have given limited consideration to blockchain technology, creating an opportunity for industry education.
The Blockchain Association is planning a January fly-in to engage newly elected lawmakers. The organization aims to move as many incoming members as possible into its top support categories by the start of the 120th Congress.
Age appears to be a stronger predictor of crypto support than party affiliation. Lawmakers under 55 are significantly more likely to support the industry, and the incoming class of representatives skews younger.
