The U.S. presidential elections finally come to a close, with Republican Donald Trump ‘trumping’ over Democratic Kamala Harris. Recent voting results show that the Republican secured 286 electoral votes, whereas the Democratic presidential candidate secured only 224, pushing chances of the former U.S. president’s victory to take substantial weightage. With a total of only 270 electoral votes needed to bag victory, the Democratic party’s win remains alarmingly slim while Trump emerges as the talk of the town nationwide.
Kamala Harris Fumbles In US Presidential Elections 2024
As per election data from Stand With Crypto, Donald Trump currently stands strong in the presidential elections with a majority of the votes, i.e., 286 electoral votes. Other election data showed Kamala Harris stands right behind with 47.4% of the votes, i.e., 224 electoral votes. Meanwhile, Jill Stein and Robert Kennedy followed with 0.4% of votes each. This data, altogether, underscores that the Republican presidential candidate won the 2024 elections, whereas the Democratic presidential candidate lost.
Simultaneously, it’s noteworthy that this presidential election saw a substantial rise in support for pro-crypto candidates, aligning with the abovementioned results. In an X post by Thinking Crypto podcast founder Tony Edward on November 6, it was pointed out that anti-crypto candidates suffered an alarming loss in this election. Meanwhile, with his pro-crypto stance, the Republican presidential candidate appears to have stolen the spotlight.
However, Democratic Kamala Harris faced a significant setback with her diminished interest and policies surrounding crypto. Aligning with this, a recent CoinGape Media report shows that pro-crypto candidates are readying to dominate the U.S. Congress. A total of 242 pro-crypto candidates have been elected to the House of Representatives against 113 anti-crypto candidates. Also, 14 pro-crypto candidates are in the Senate as of now, while 9 anti-crypto lawmakers are also present in the Senate. Overall, it is clear that the latest U.S. presidential elections saw a substantial influence due to policies and standings on digital assets.
Further, in light of Trump resuming his role as the 47th president of the United States, the crypto horizon remains bullish. The Republican presidential candidate earlier promised to fire SEC Chairman Gary Gensler, given that he won, adding to pro-crypto support nationwide. Also, he gauged in on establishing a national Bitcoin fund and making the United States the “Bitcoin and cryptocurrency capital of the world,” which also aligns with the pro-crypto victory in this election.
What’s Happening In The Crypto Realm?
Meanwhile, with the nationwide masses getting a clear understanding of Kamala Harris’ loss, crypto participants are witnessing a paradigm shift in market sentiment. Notably, Bitcoin (BTC) touched a new ATH amid recent election developments. Further, even altcoins soared remarkably, as seen by the global market cap reaching $2.4 trillion. This bullish momentum primarily falls in line with the pro-crypto candidate’s recent win.
Simultaneously, a meme coin also emerged as a hot trend amid the elections. Notably, Elon Musk’s D.O.G.E. role under the Trump cabinet has garnered substantial optimism toward Dogecoin price. DOGE price surged nearly 13% intraday to reach $0.1902. Notably, the coin even topped the $0.2 level today, aligning with Trump’s win. Nevertheless, the Democratic presidential candidate has faced a severe setback in the U.S. 2024 elections.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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