The Crypto Industry’s Political Spending Is Paying Off

The Crypto Industry’s Political Spending Is Paying Off

New York Times: “Federal lawmakers who benefited from crypto largess in the 2024 election are speedily advancing the industry’s agenda.”

At the end of a three-hour hearing last month, Arizona Democrat Senator Ruben Gallego sided with a group of Republicans in a highly contested debate. He voted to advance the Genius Act, a bill backed by the cryptocurrency industry. “It’s clear that digital assets are here to stay,” Gallego said after the Senate banking committee hearing. Breaking with the committee’s main Democrat, he called the bill a “step in the right direction.” The vote, fr…

How the Crypto Business’s Political Spending Is Paying Off

On the finish of a three-hour listening to final month, Senator Ruben Gallego, Democrat of Arizona, sided with a bunch of Republicans in a hotly contested debate. He voted to advance the GENIUS Act, a invoice backed by the cryptocurrency business. “It’s clear that digital belongings are right here to remain,” Mr. Gallego stated after the Senate Banking Committee listening to. Breaking from the committee’s prime Democrat, he referred to as the in…

How the Crypto Industry’s Political Spending Is Paying Off - Software Unplugged

At the end of a three-hour hearing last month, Senator Ruben Gallego, Democrat of Arizona, sided with a group of Republicans in a hotly contested debate. He voted to advance the GENIUS Act, a bill backed by the cryptocurrency industry. “It’s clear that digital assets are here to stay,” Mr. Gallego said after the Senate Banking Committee hearing. Breaking from the committee’s top Democrat, he called the bill a “step in the right direction.” The v…