Bernie Moreno, a Republican businessman and strong advocate of digital currencies, managed to defeat Sherrod Brown in the recent Ohio Senate elections and become a member of the Senate Banking Committee. Political action committees supporting digital currencies played a significant role in Moreno’s victory by donating over $40 million. Known as an entrepreneur in the blockchain industry, he has pledged to advocate for digital currencies in the U.S. Senate. Brian Armstrong, CEO of Coinbase, described the new Congress as the most supportive towards digital currencies. Moreno’s presence in the Senate Banking Committee could play a crucial role in shaping laws related to digital currencies, stablecoins, and the potential establishment of a national Bitcoin reserve.
