Bitcoin: $ 134 million spent by cryptos companies for American elections

Crypto and policy. Sector Bitcoin (BTC) cryptocurrencies have become a Political themselves. The situation widely supported by the industry determined to hear her voice. That’s why structures Like Pac Fairshake have appeared. In order to Financially support candidates Pro-Kryptosfor example Donald Trump.

Key points of this article:

  • The cryptocurrency sector has become an influential political player with significant financial investments in the countryside.
  • PAC Fairshake, supported by the Giant’s crypt, donated $ 40 million to promote Pro-Kryptos candidates and revealed an intensive lobbying strategy.

Kryptos will spend millions of dollars in politics

Presidential campaign Donald Trump will certainly mean a turning point in history cryptocurrencies. Because the other one made Bitcoin and stable He supported the Subject of the Campaign with Fully filled at the US dollar.

A situation that owes nothing to chance. Because apparently Cryptus This time he decided to engage in the field of policy by supporting candidates in accordance with their interests.

In any case, this is what a recent message Center for Political Responsibility (CPA). S as a character you can remember, the total envelope estimated $ 134 million for them Elections on November 5, 2024 (Presidential and Senate/House of Representatives).

PAC FAIRSHAKE in the front line of support of pro-cockin policy

In fact, it is the Political Action Committee (CAP) Fairshake which is on the first line. A structure supported by heavy weights in this industry such as a group of cryptobin Corner baseXRP transmitter Wave and investment fund Andreessen Horowitz (A16z).

Pac Fairshake itself spent so $ 40 million To support Pro-Kryptos candidates. This lobbying duty hear He risk that he will be frozen, and that he will be used as an argument of eternal contradictions of the sector, but it is a necessary evil, a logical sequence for the growing acceptance of the sector.

“As a person deeply involved in the crypt, I consider these expenses necessary for the regulatory, fundamental clarity for stability and growth. (…) It seems to be likely to strengthen the trust of investors by reducing uncertainty (regulatory). (…) Risks, including “regulatory capture” – where do the interests of large companies priority have -It can introduce challenges and disrupt the confidence of investors Kryptos. However, this is part of the organic growth of the developing cryptocurrency industry. (…) Transparency and decentralization of the crypto community can also alleviate (…). »»

Anndy Lian, Author and Intergavernmental Blockchain Expert

The cryptocurrency industry has now become Political actor themselves. And amounts spent on defense of the cause of the sector Continue to grow. In addition, the last digital options that support funds such as Pac Fairshake have already received New Election Supports Mediums since 2026 (Mid-Termin President’s elections in the US).

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