Apparently, Elon Musk is lobbying the U.S. Republican Party with his 114 million Twitter followers

The CEO of Tesla and now the big boss of Twitter, whom U.S. President Joe Biden recently accused of spreading lies around the world through his acquisition of the social media platform, has taken his support for Republicans to a whole new level.

On the eve of the U.S. midterm elections, the tech billionaire advised independent voters to vote for a Republican Congress, adding to the woes of Democrats, who are predicted to lose in upcoming polls.

"Avid Democrats or Republicans never vote for the other side, so independent voters are the ones who actually decide who's in charge," Musk said in a Twitter message seen by more than 114 million followers.

Continuing to play politics, Elon Musk also expressed his desire to support Florida Governor Ron DeSantis for the GOP presidential nomination in 2024 and also spoke out about former President Donald Trump's decision to run for president again.

What does this event mean for the cryptocurrency space?

With the Democrats said to be "poised" to lose the midterm elections, the cryptocurrency community is wondering what a Republican Congress will mean for the emerging industry.

For starters, House Republican Leader Kevin McCarthy has expressed his admiration for bitcoin in recent years, saying he likes the asset and saying it will continue to grow and will soon require more attention from lawmakers.

Moreover, McCarthy, who is expected to be the next Speaker of the House, once suggested that the U.S. government use a blockchain because it would make transactions more efficient.

Finally, in February 2022, it was revealed that seven Republican members of Congress admitted to buying or selling cryptocurrencies, most of whom chose bitcoin.

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