🗳️ 5. Crypto makes a major push in congressional elections
The crypto-linked political group Fairshake announced plans to spend millions of dollars supporting 32 candidates for the House of Representatives in the November elections.
The list includes 19 Republicans and 13 Democrats, with up to $1 million allocated to each of six candidates. The move comes after crypto regulation legislation stalled in the Senate.
This makes the upcoming congressional elections a major issue for the crypto industry, because the makeup of Congress will affect whether laws regulating digital assets can be passed in the future.
The crypto-linked political group Fairshake announced plans to spend millions of dollars supporting 32 candidates for the House of Representatives in the November elections.
The list includes 19 Republicans and 13 Democrats, with up to $1 million allocated to each of six candidates. The move comes after crypto regulation legislation stalled in the Senate.
This makes the upcoming congressional elections a major issue for the crypto industry, because the makeup of Congress will affect whether laws regulating digital assets can be passed in the future.