ChainCatcher news, according to Coindesk, Republican Dave McCormick defeated incumbent Democrat Bob Casey in Pennsylvania to win a Senate seat. Currently, the Republicans have at least 53 seats, with two more elections to come—Arizona and Nevada—although the two Democratic candidates running for these seats are currently in the lead.It is reported that McCormick has the support of Coinbase CEO Brian Armstrong and has openly supported the cryptocurrency industry, although he has not received support from any major cryptocurrency-affiliated PACs.

ChainCatcher news, Coinbase CEO Brian Armstrong posted on X expressing support for Pennsylvania Senate candidate Dave McCormick.McCormick is a strong advocate for the cryptocurrency industry, and he stated in June: "Embracing cryptocurrency and blockchain will create tremendous job opportunities for our federation and benefit our national security." He emphasized that if Congress does not embrace the next wave of innovation, the United States risks being left behind.