ChainCatcher news, FOX Business reporter Eleanor Terrett posted on X that cryptocurrency-supporting Democrats Ritchie Torres and Dan Goldman won the election.The cryptocurrency-supporting super PAC Protect Progress spent $150,853 for Goldman and $110,148 for Torres.

ChainCatcher news, according to Cointelegraph, New York Congressman Ritchie Torres believes that U.S. regulators should not attempt to ban election betting contracts, but should focus on regulating these contracts to prevent bad actors from gaining market share.In a recent letter to Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam, Ritchie Torres wrote: "I urge the Commission to consider developing a plan to regulate these markets, rather than preventing them from existing in regulated markets. If the CFTC collaborates with regulated registrants to enhance the integrity of elections and protect consumers from the dangers posed by the widespread adoption of illegal and unregulated election markets, it will be more effective."

ChainCatcher News, U.S. Congress Blockchain Caucus member, Congressman Ritchie Torres, wrote to the Chairman of the U.S. Securities and Exchange Commission (SEC), urging the agency to reassess its reckless regulatory attacks on the crypto industry following the Ripple ruling, and to focus the Commission's enforcement efforts where they belong: on combating the real bad actors who commit serious violations (such as fraud, market manipulation, and misappropriation of customer funds).Ritchie Torres is a member of the House Financial Services Committee, which is tasked with overseeing the U.S. Securities and Exchange Commission.