CRYPTOBROS UNITED

"To do that, the crypto industry is going to have to get a bit more sophisticated and powerful in terms of our lobbying efforts and our political power that we can bring to bear for the 2024 election." This rhetoric echoes claims by Republican members of Congress, who in early 2024 created a “Select Subcommittee on the Weaponization of the Federal Government” to focus on familiar grievances of the. [...] The reality, however, is more complicated, with partisans on either side of the aisle numbered among both crypto advocates and skeptics, especially in the aftermath of FTX’s collapse and mounting evidence of rampant crypto crime. [...] With political volatility the only certainty ahead in the 2024 elections, the crypto sector’s attempt to exploit the lack of restrictions on corporations and billionaires influencing U. [...] Crypto Targets The narrow Democratic majority in the Senate and Republican majority in the House mean the crypto sector’s outsized influence in a small number of races has the potential to tip control of Congress toward one party or the other. [...] The prospect of the crypto corporation and billionaire-backed super PAC spending millions in the general election in the battleground states of Ohio and Montana looms especially large.