Coinbase didn’t continue to push hard against Congress this time, but instead redirected its firepower to the Senate.
After Stand With Crypto was blocked in the Senate by the Clarity Act, it began releasing the first batch of Senate endorsement lists, highlighting key seats such as Ohio as focal points in the crypto regulatory power struggle. Meanwhile, Fairshake PAC launched a $30 million campaign offensive against Sherrod Brown, who has taken a hardline position against crypto. In this election cycle, total spending on crypto politics is close to $200 million. Market interpretations are split between bulls and bears: in the short term, the setback shows that the rollout of U.S. crypto rules is still not going smoothly; in the medium term, industry funding and voter mobilization are shifting the regulatory battleground toward elections, which favors a compliant narrative. This isn’t about any single token—major assets like BTC and ETH are more indirectly affected by expectations of regulation and shifts in risk appetite.
Observation 1: The bill’s failure shows that the implementation of U.S. crypto regulations is still not smooth. Observation 2: Funding and voter mobilization are starting to concentrate on the election front, and the regulatory fight is being pushed along.
If you look at these changes, do they resemble “regulatory progress slowing down,” or “the industry switching to an election campaign”?
Source: Decrypt
Caption 1: Coinbase-linked initiative group shifts to a Senate election battle · Key news points
Image source: https://decrypt.co/379807/morning-minute-crypto-gives-up-on-congress-and-goes-after-senators
After Stand With Crypto was blocked in the Senate by the Clarity Act, it began releasing the first batch of Senate endorsement lists, highlighting key seats such as Ohio as focal points in the crypto regulatory power struggle. Meanwhile, Fairshake PAC launched a $30 million campaign offensive against Sherrod Brown, who has taken a hardline position against crypto. In this election cycle, total spending on crypto politics is close to $200 million. Market interpretations are split between bulls and bears: in the short term, the setback shows that the rollout of U.S. crypto rules is still not going smoothly; in the medium term, industry funding and voter mobilization are shifting the regulatory battleground toward elections, which favors a compliant narrative. This isn’t about any single token—major assets like BTC and ETH are more indirectly affected by expectations of regulation and shifts in risk appetite.
Observation 1: The bill’s failure shows that the implementation of U.S. crypto regulations is still not smooth. Observation 2: Funding and voter mobilization are starting to concentrate on the election front, and the regulatory fight is being pushed along.
If you look at these changes, do they resemble “regulatory progress slowing down,” or “the industry switching to an election campaign”?
Source: Decrypt
Caption 1: Coinbase-linked initiative group shifts to a Senate election battle · Key news points
Image source: https://decrypt.co/379807/morning-minute-crypto-gives-up-on-congress-and-goes-after-senators
