There Has Never Been A More Pro-Crypto Congress Than The Next One: Here’s Why
The cryptocurrency industry is ramping up its political influence with a $160 million spending spree through various super PACs, aimed at bolstering pro-crypto candidates in the U.S. House and Senate.
This bipartisan effort is expected to significantly increase the number of lawmakers in Congress who support the industry’s goals, regardless of the outcome of the 2024 presidential election.
What Happened: Up to 13 pro-crypto candidates could secure seats in the House next year, thanks to the financial backing of these super PACs, according to Politico.
These candidates range from progressive Democrats, who view digital assets as tools for financial inclusion, to Republicans who criticize the Biden administration’s approach to cryptocurrency and advocate for the technology’s potential to foster economic freedom.
On the Senate side, candidates like Reps. Adam Schiff (D-Calif.) and John Curtis (R-Utah) are set to secure wins in their states, while Republicans in key battleground contests have also expressed strong support for crypto.
If the GOP …
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