This article explores the growing influence of cryptocurrency billionaires in US politics. It details their massive wealth, their lobbying efforts to weaken crypto regulation, and the resulting shift in Congress towards a more crypto-friendly stance.
Life in the United States has never been better—if your personal fortune stretches well into the thousands of millions. Our new year has dawned with 813 Americans cavorting in billionaire land. These deep pockets ended 2024, notes an Institute for Policy Studies analysis, with a combined wealth over $6.7 trillion. They averaged over $8.2 billion each. Need some perspective on that $8.2 billion? The typical American worker, according to the latest U.S.
The November elections would go on to generate a substantial crypto-friendly majority in the House and a Senate almost as crypto-committed. Helping to produce this smashing crypto triumph: over $250 million in campaign contributions from the three top cryptocurrency political action committees. No one would ultimately jump on the 2024 crypto political bandwagon more dramatically than Donald Trump. Up until then, the former president had been a pronounced crypto skeptic.
Politics CRYPTOCURRENCY BILLIONAIRES REGULATION LOBBYING POLITICS
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump's Executive Orders: Power Play or Political Messaging?President Trump's anticipated use of executive orders on his first day in office raises questions about the extent of his power and the impact on federal policy. This article explores the history, limitations, and potential consequences of executive orders, examining their role in shaping the political landscape and navigating the complexities of governance.
Read more »
Power companies douse Los Angeles power poles with retardant to protect power grid during firesWith multiple wildfires still burning across the county, several Los Angeles power companies have started to try and get ahead of the potentially volatile and erratic flames, working to mitigate additional risks by clearing dry vegetation and protecting valuable power lines.
Read more »
Crypto Industry Celebrates New Era With Pro-Crypto Congress and Rising PricesThe crypto industry is brimming with optimism as the new year begins. Recent developments like the appointment of a new AI and crypto czar and the anticipated departure of SEC Chair Gary Gensler suggest a more favorable regulatory landscape for digital assets in the United States. The arrival of the 119th Congress, widely considered the most pro-crypto in history, further fuels this positive outlook. This newfound hope is reflected in rising cryptocurrency prices, with Bitcoin surpassing $98,000 and XRP experiencing a surge of over 15% since the start of the year.
Read more »
Crypto Daybook Americas: Risk-Off Sentiment Weighs on Crypto MarketsCrypto markets are trading down amid a risk-off environment driven by strong US jobs data and rising Treasury yields. Bitcoin has dipped to key support levels, while Ethereum and altcoins are posting larger losses. Despite the negative sentiment, Michael Saylor indicated a potential for another Bitcoin purchase by MicroStrategy. The crypto market is likely to focus on upcoming events like President-elect Donald Trump's inauguration and FTX claim distributions.
Read more »
Dogecoin Founder’s Bitcoin Crash Tweet Sparks Hot DiscussionCrypto influencer Billy Markus has commented on the crypto market bloodbath
Read more »
Crypto Selloff Could Impact Trump Inauguration as Market Awaits CPI and Pro-Crypto ActionsBitcoin and the broader cryptocurrency market are showing signs of recovery following a recent selloff, potentially impacting expectations for Trump's inauguration. K33 Research has revised its outlook, suggesting that selling Bitcoin at the inauguration may be less appealing due to the current market conditions. The upcoming CPI report and Trump's pro-crypto stance are seen as key catalysts for price movements.
Read more »