Cryptocurrency's power players spent big on the election. Will it pay off? [View all]

[ucrdem]

NPR's Ayesha Rascoe speaks with Punchbowl News reporter Brendan Pedersen about the cryptocurrency industry's heavy spending on the 2024 campaign and what it could mean for crypto regulation. November 10, 2024, 8:33 AM

No transcript yet, but a bombshell story, IMHO, as it confirms suspicions I've had since last summer. Highlights:

* Crypto spent $100+ million to defeat Dems seen as hostile or indifferent to the crypto-currency "industry," including Joe Biden;

* Crypto sent $40 million into Ohio to defeat Sherrod Brown, head of a troublesome Senate banking committee;

* Trump, who at one point called crypto a scam, is now a true believer, with his own family crypto company;

And more. Anyway it's very instructive and about as non-tinfoil as it's possible to be ("Heard on Weekend Edition Sunday" ) .

[link:https://www.npr.org/2024/11/10/nx-s1-5183122/cryptocurrencys-power-players-spent-big-on-the-election-will-it-pay-off

p.s. crypto is headquartered in Silicon Valley, CA (San Jose/Menlo Park), not far from San Francisco.