Tag: Lobbying

As crypto cash floods Washington, Congress eyes gentler regulations – The Washington Post

Cryptocurrency companies and investors have spent at least $149 million over the past four years to thwart tough regulation, elect new allies to Congress and defeat lawmakers seen as potential threats, a campaign that culminated this week with a House vote to soften federal oversight of the embattled industry. *** On Capitol Hill, the industry has shelled out more than…

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Crypto titans launch 2024 election play with $78M super PAC spend – POLITICO

A trio of super PACs backed by cryptocurrency executives and investors said Monday that they’ve raised $78 million as part of a major new push to influence the 2024 elections. The campaign, which has support from venture capital giant Andreessen Horowitz, U.S. crypto exchange Coinbase and Cameron and Tyler Winklevoss, marks of a revival of the digital asset industry’s political…

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Analysis: U.S. crypto lobbyists court Democrats in fresh legislative push | Reuters

Lobbyists are focused on a discussion draft bill by the Republican chairs of the House Financial Services and Agriculture committees, Patrick McHenry and Glenn Thompson respectively, which would define when a cryptocurrency is a security or a commodity. It would expand the Commodity Futures Trading Commission’s (CFTC) oversight of the crypto industry, while clarifying the SEC’s jurisdiction. It is the…

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Blockchain Association Sets Up New Crypto Industry PAC

The Blockchain Association is adding its own political action committee to the crypto industry’s growing array of campaign-finance efforts seeking to steer the U.S. government’s debate over digital assets. The BA PAC will contribute to the campaigns of “pro-crypto candidates” from both parties, according to Kristin Smith, the Washington-based association’s executive director. The timing – dated Monday in the group’s…

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Fidelity, Square, Coinbase Launch Bitcoin Trade Group – WSJ

Fidelity Investments, Square Inc. and several other financial firms are forming a new trade group that aims to shape the way bitcoin and other cryptocurrencies are regulated. The Crypto Council for Innovation will lobby policy makers, take up research projects and serve as the burgeoning industry’s voice in championing the economic benefits of digital currencies and related technologies. Crypto investor…

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