Key Notes
- Bitwise analyst Camran Khosravi provisionally counts 51 crypto-friendly senators, compared with 52 before the midterms.
- His assessment uses advocacy ratings and includes assumptions about uncalled races.
- Most contested legislation normally needs 60 Senate votes to overcome a filibuster.
The cryptocurrency industry appears to have retained most of its Senate allies after the US midterm elections, according to an early assessment by Bitwise research analyst Camran Khosravi. His tally puts crypto-friendly senators at 51, compared with 52 before the vote.
The estimate offers a more nuanced picture than the shift in party control alone. Support for digital assets extends across party lines, but a favorable rating is only a starting point for negotiations over specific legislation.
An Early View of the Incoming Senate
Khosravi’s November 4 early tally followed 33 called Senate races. He said Democrats had flipped seven Republican-held seats, with four of those winners carrying an A rating from advocacy group Stand With Crypto.
His accompanying chart classifies A- and B-rated politicians as pro-crypto, D- and F-rated politicians as skeptical, and C-rated or unrated politicians as having no clear stance. A missing or neutral rating therefore should not automatically be read as opposition to the industry.
The snapshot also incorporated assumptions about uncalled races. Alaska and Mississippi were marked as unresolved, with projected outcomes shown separately. Khosravi noted that both major Alaska candidates were crypto-friendly, allowing him to treat that contested seat as supportive without waiting for a final result.
The 51 figure is his provisional assessment of the incoming chamber, rather than a completed Senate roll call. It describes the political base available for talks, not a commitment by every listed senator to support the same bill.
Why the 60-Vote Threshold Still Matters
Even a numerical majority of broadly supportive senators leaves a significant procedural hurdle. Under the Senate’s cloture rules, ending debate on most contested legislation requires three-fifths of senators duly chosen and sworn—normally 60 votes in a full chamber.
September’s market-structure fight demonstrated the difference between general openness to crypto and agreement on a legislative text. The official record shows that the September 15 motion to advance H.R. 3633 failed with 49 votes in favor, 50 against and one senator not voting. It was a procedural vote, not a final vote on enactment.
Bipartisan Support Leaves Policy Questions Open
The assessment echoes Ripple executives’ bipartisan argument: industry-friendly candidates won in both parties, preserving potential negotiating partners despite major electoral setbacks.
Those partners may still disagree about the division of authority between the SEC and CFTC, customer protections and restrictions on federal officials’ crypto businesses. CoinScreamer’s reporting on a new House proposal describes Democratic discussions that could give the SEC a larger role and revive ethics provisions. Those talks had not produced an introduced bill or agreed text.
The next test is whether broad support can translate into a coalition around detailed rules. The early tally suggests the industry retains a substantial audience in the Senate; the September vote shows why the wording of a bill will matter as much as the number of sympathetic lawmakers.
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