According to recent data from Stand with Crypto, Coinbase’s nonprofit lobbying organization, 18 U.S. senators now support the cryptocurrency movement. The report clarifies the political landscape’s increasing support for digital assets.

Lumnis and Burr Lead the Way

The Republican senators Ted Burr and Cynthia Lumnis are the most pro-crypto lawmakers in the U.S. Senate, according to Stand with Crypto. Burr has presented eight legislation and released twenty-four statements on cryptocurrency, while Lumnis has supported eight measures and made eighty-four public statements on the subject. Republicans Ted Cruz and Bill Hagerty trail closely behind, having contributed to five legislation and ninety-two statements in total. Just four Democrats are among the eighteen senators that support cryptocurrency, with fourteen of them being Republicans.

18 Pro-Crypto Senators vs. 30 Opponents

While there are 18 senators who support cryptocurrency, Stand with Crypto’s investigation also identifies 30 senators who are adamantly against it. The tracker indicates that of the opponents, 23 are Democrats, 5 are Republicans, and 2 are Independents. The distribution of support and opposition in the U.S. Senate, which has 100 senators overall, is indicative of the ongoing discussion surrounding digital assets.

Presidential Candidates and Their Stance on Crypto

The tracker provides information on the stances of prominent individuals, such as independent presidential candidate Robert F. Kennedy Jr. and Republican presidential contender Donald Trump. Kennedy has made Bitcoin a central campaign platform and has put up measures to encourage the virtual currency. Trump, in the meantime, has stated that he opposes the development of digital currencies issued by central banks.

President Biden’s Position on Crypto: A Negative Stance

On the Stand with Crypto website, President Joe Biden is classified as opposed to cryptocurrency, in contrast to the view expressed by several senators who support it. The president has skewed five of his public remarks against digital assets, suggesting that supporters of cryptocurrencies may face legislative obstacles.

Elizabeth Warren: A Prominent Person Opposed to Cryptocurrency

According to Stand with Crypto’s data, Senator Elizabeth Warren stands out among the senators that oppose cryptocurrency. Warren has supported three anti-crypto measures, sponsored one, and made 76 statements opposing cryptocurrencies. With the intention of addressing noncustodial digital wallets, expanding Bank Secrecy Act duties, and establishing Anti-Money Laundering compliance examination measures, she reintroduced the Digital Asset Anti-Money Laundering Act in 2023. Notwithstanding the legislation’s backing from both parties, advocacy groups contend that it does not go far enough in combating the improper use of digital assets.

During her 2023 reelection campaign, Warren announced a “war on crypto,” citing substantial connections to illegal operations and the funding of terrorism in the Middle East. These assertions continue despite mounting evidence to the contrary, illustrating the divided opinions in the Senate about the direction of cryptocurrencies in the US.