“Cryptocurrencies have won the election,” can summarize the results of the U.S. Congressional elections. Sherrod Brown, chairman of the Senate Banking Committee and a primary opponent of crypto legislation, has lost his seat.

Republicans, having gained control of the Senate, promise to push forward laws supporting digital assets. A new Senate member, blockchain entrepreneur Bernie Moreno, will replace Brown and likely open doors for cryptocurrencies.

Former President Donald Trump is close to returning to the White House and has actively expressed his support for the crypto industry.