Trump Clinches 2024 Election as GOP Gains Momentum

Republican Gains in the Senate

ND (4:25 p.m. ET, 11/7/24)
Republican Dave McCormick has successfully defeated incumbent Democrat Bob Casey in Pennsylvania, marking a significant win for the GOP and securing at least 53 Senate seats. With two races still undecided in Arizona and Nevada, both Democrats currently hold leads in those contests. McCormick, who received backing from Coinbase CEO Brian Armstrong, has been a vocal advocate for the cryptocurrency sector, although he lacked support from major crypto-affiliated PACs.

In other developments, Fairshake-affiliated candidates celebrated victories, including Democrats Eugene Vindman (Virginia), Don Davis (North Carolina), and Nicole Budzinski (Illinois) in their respective House races. There are still 11 House races involving Fairshake-backed candidates pending, with nine of them currently leading. Meanwhile, Arizona Senate candidate Ruben Gallego is ahead of Republican Kari Lake in an unresolved race.

Crypto Industry's Influence on Elections

ND (3:30 p.m.)
Democrat Elisa Slotkin has been projected to win the Senate seat for Michigan, defeating Republican Mike Rogers in a closely contested race. Slotkin, who previously served as a congresswoman, voted in favor of significant crypto-related legislation and received substantial support from the Fairshake super PAC.

Republican Control of the Senate and White House

ND (11:10 a.m. ET)
As of now, Republicans have regained control of the White House and the Senate. Six Senate races remain undecided, including those in Nevada, Arizona, Wisconsin, Michigan, Pennsylvania, and Maine. In Pennsylvania, Bob Casey is trailing McCormick by approximately 50,000 votes, with 97% of votes counted. The House of Representatives remains uncertain, with Republicans holding 199 seats compared to the Democrats' 180.

Fairshake's influence continues, with Illinois Democrat Eric Sorensen winning reelection and 16 more races still to be called.

Trump's Path to Victory

SR (7:44 a.m. ET)
Republican Tim Sheehy has defeated Montana Democrat Jon Tester, contributing to the GOP's Senate gains.

SR (5:44 a.m. ET)
Donald Trump has won Wisconsin, securing 10 electoral votes and bringing his total to 277, surpassing the 270 needed for victory.

ND (3:30 a.m. ET)
In Michigan, Representatives Bill Huizenga and Shri Thanedar have won their races. Trump is close to confirming his second term, leading in several key states with a significant popular vote margin.

Trump's Victory Speech

ND (2:50 a.m. ET)
In a victory speech, Trump expressed his commitment to improving the country, while also noting his substantial lead in the popular vote.

Electoral College Projections

ND (2:28 a.m. ET)
The Associated Press has projected Trump as the winner in Pennsylvania, adding to his electoral college total. He is now just three votes shy of securing another term.

Senate Composition Changes

ND (12:18 a.m. ET)
The Republican Party has regained control of the U.S. Senate, raising expectations for potential crypto legislation in the upcoming Congress. With the Senate previously held by Democrats, the GOP's new majority could significantly influence future policy.

Key Senate Races and Projections

ND (12:10 a.m. ET)
Democrat Adam Schiff is projected to take California's Senate seat. Republicans currently hold 50 Senate seats, with ongoing races in Montana and Nebraska.

Fairshake PAC's Impact

JH (12:10 a.m. ET)
As Election Day progresses, several Fairshake-backed candidates have won their contests, with 31 out of 58 candidates emerging victorious so far.

Market Reactions to Election Results

MH (11:45 p.m. ET)
Polymarket shows a high probability of Trump winning the popular vote and the election, while Bitcoin prices have surged following positive election returns.

Election Outcomes

ND (11:29 p.m. ET)
Republican Bernie Moreno has unseated Democrat Sherrod Brown, bringing the GOP closer to a Senate majority. As election results continue to unfold, Trump is projected to secure at least 230 electoral votes, while Kamala Harris trails with 187.