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Crypto industry surveys US 2024 candidates, looking for friendly lawmakers

ReutersReuters ยท 1y ago
Crypto industry surveys US 2024 candidates, looking for friendly lawmakers
Medial

The cryptocurrency industry is making its presence felt in the 2024 U.S. election cycle by surveying candidates for Congress on their stance towards digital assets. The Stand With Crypto Alliance, an advocacy group seeking to organize and influence crypto-owning voters, aims to engage in political activity through this survey. Candidates who align with the industry's views may receive support from crypto-friendly groups. The survey includes questions about the candidate's belief in the role of cryptocurrencies in innovation and the need to modernize the regulatory environment for crypto. Super PACs are also backing pro-crypto candidates in the election, adding financial support to the movement.

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Crypto Democrats rally behind Harris campaign in push for policy revamp

Economic TimesEconomic Times ยท 10m ago
Crypto Democrats rally behind Harris campaign in push for policy revamp
Medial

A group of cryptocurrency advocates, including Mark Cuban and Anthony Scaramucci, is urging Kamala Harris to reset the Democratic party's stance on digital assets. The group, called Crypto4Harris, wants to support her electoral campaign and end the Biden administration's crackdown on the cryptocurrency industry. They are planning grassroots fundraisers and engaging with the Harris campaign to push for more crypto-friendly policies. The group's efforts aim to reclaim the issue of cryptocurrency from the Republican side and foster bipartisan regulation. The SEC's enforcement actions and stance on crypto have caused concerns among Democratic lawmakers and voters. Harris' campaign has shown some openness to tech innovation but has not taken a definitive stance on cryptocurrencies.

Bitcoin approaches $100,000 on optimism over Trump crypto plans

Economic TimesEconomic Times ยท 7m ago
Bitcoin approaches $100,000 on optimism over Trump crypto plans
Medial

Bitcoin came close to reaching $100,000 for the first time, driven by expectations that Donald Trump's presidency will lead to a favorable regulatory environment for cryptocurrencies. Bitcoin has doubled in value this year and increased by 40% since Trump's election and the election of pro-crypto lawmakers. Trump's interest in digital assets, his promise to make the US the "crypto capital of the planet," and the appointment of a new SEC Chair have contributed to investor optimism. Bitcoin's rebound has been supported by the approval of bitcoin exchange-traded funds, which have attracted over $4 billion in investment since the election. However, the industry continues to face criticism due to concerns about energy usage, potential crime, and scams.

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