diff --git a/electrum/daemon.py b/electrum/daemon.py
index 2ce648bfd..d31394dab 100644
--- a/electrum/daemon.py
+++ b/electrum/daemon.py
@@ -163,6 +163,7 @@ class Daemon(DaemonThread):
         return True
 
     def run_daemon(self, config_options):
+        asyncio.set_event_loop(self.network.asyncio_loop)
         config = SimpleConfig(config_options)
         sub = config.get('subcommand')
         assert sub in [None, 'start', 'stop', 'status', 'load_wallet', 'close_wallet']