WASHINGTON—At least 18 senators have now indicated their support for cryptocurrency—but even more stand in firm opposition, according to a new report.
The findings are based on data from Coinbase’s nonprofit advocacy organization Stand with Crypto, according to Cointelegraph.
Stand With Crypto said its analysis shows Republican senators Cynthia Lumnis and Ted Burr are the most pro-crypto politicians in the U.S. Senate, with Lumnis touting eight crypto bills and 184 public statements on crypto, while Burr boasts eight bills and 24 statements.
Following close behind Lumnis and Burr are fellow Republicans Ted Cruz and Bill Hagerty, with a combined five bills and 92 statements. Of the 18 senators who favor crypto, 14 are Republicans, and four are Democrats, Cointelegraph said.
Plenty of Opposition
While 18 senators may “stand with crypto,” there are a total of 30 senators that reportedly stand firmly in opposition. Of the 30 senators that have taken a position against crypto, 23 are Democrats, five are Republicans, and two are Independents, according to the Coinbase tracker, Cointelegraph said.
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