Tech and crypto sectors are pouring millions into political campaigns for influence.
Critics argue tech’s financial power undermines democracy by controlling outcomes.
Supporters defend political involvement as necessary to give voice to crypto advocates.
The tech industry, and particularly the cryptocurrency sector, has been deeply involved in political races this year. Paul Grewal, Chief Legal Officer at Coinbase, addressed criticisms of this involvement on social media, pushing back against claims that it’s “monstrous.”
Apparently it's "monstrous" to exercise free speech rights and engage in the political process. Like it or not that's US politics on the left and right in 2024. Maybe what's monstrous instead is another elite, cartoonish embrace of the traditional Great Savior figure over those… https://t.co/kvf9Jj4VIU
— paulgrewal.eth (@iampaulgrewal) October 7, 2024
Grewal argued that both the left and the right utilize similar political tactics in today’s environment. He framed the industry’s actions as an exercise of free speech and criticized what he sees as a preference for elite figures in politics, which he believes silences ordinary American…
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