Crypto's Election Triumph: A New Political Powerhouse Emerges
TL;DR Summary
The cryptocurrency industry has gained significant political influence following the 2024 elections, with a super PAC spending over $130 million to support pro-crypto candidates, including defeating Senate Banking Chair Sherrod Brown. The return of Donald Trump as President-elect and a potential GOP Congress is expected to create a favorable environment for crypto, with plans to limit the SEC's reach and possibly establish a strategic bitcoin reserve. However, there are concerns about the depth of support in the Senate and the ongoing SEC enforcement actions.
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- What the crypto industry didn’t say in its deceptive — and effective — campaign ads San Francisco Chronicle
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