Elon Musk has declared Republican Party’s (GOP) clean sweep of all swing states, gaining majority in both the Senate and House chambers of the US Congress. With Republicans’ full control in the US Congress, the crypto industry can witness major changes in regulations, positions, and crypto lawsuits. Will DOGE price hit $1 this year and rally to $10 on the Department Of Government Efficiency’s (D.O.G.E.)establishment?
In a post on X on November 7, Elon Musk said Arizona has just declared for US President Donald Trump. This has resulted in Republican Party making it a clean sweep of all swing states. It is a massive landslide victory for the GOP as the party gets the majority in the US Congress. “Massive red wave success! It is beyond a landslide,” said DOGE fan Musk.
Republican Donald Trump wins against Democrat Kamala Harris in a landslide victory on Wednesday, winning the popular vote and 312 electoral votes. The Republican Party also won a majority in the upper chamber Senate, along with state governor majority and state legislature majority.
The Associated Press has not declared results and New York Times data indicates Republicans lead with 205 against 190 for Democrats. A party needs 218 votes to gain control of the US House. However, Elon Musk said his sources has revealed that the GOP has won in the US House race, gaining full control of the US Congress.
“The few states that didn’t go red are mostly ones without voter ID requirements. Must be a coincidence. This is an extremely clear mandate from the people for significant change!”
This is major news for the crypto community as the US election was ‘crypto voter’ focused as pro-crypto candidates won, as per Stand With Crypto. The crypto community was upbeat on Republican Party winning the House majority after the Senate majority.
The world saw a pro-crypto wave in the US Congress amid Trump’s victory. Crypto companies and experts have promised to work with lawmakers on crypto rulemaking and increasing crypto adoption in the country. Over 270 pro-crypto candidates secured their seats to Congress this election, as per Stand With Crypto data.
Coinbase CLO Paul Grewal expects to see significant changes to crypto lawsuits by the SEC under a new Trump-appointed chair. He believes the crypto regulatory clarity under Trump will have an impact in securities violations cases in Coinbase and Ripple lawsuits.
Moreover, Ripple CEO Brad Garlinghouse outlined several crypto-friendly policies President-elect Donald Trump should deliver in his first 100 days. The crypto election set the stage for crypto regulatory clarity, stablecoin regulation, Operation Choke Point 2.0 end, and the conclusion of Ripple vs SEC lawsuit.
Trump and Republican Party’s majority has fueled Bitcoin FOMO rally to $100K. BTC price is currently trading at $74,810. Meanwhile, Department Of Government Efficiency (DOGE) formation under Elon Musk has sparked a rally in Dogecoin.
As reported by CoinGape, analysts expect Dogecoin price to hit $10 as a hidden historical pattern has emerged. The close above $0.21 will confirm rally for the historical pattern.
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