lobbying
100 crypto lobbyists prepare for the fight of their lives as Congress resumes
Cryptocurrencies will be a hot topic as the United States Congress resumes and the battle lines are drawn between lawmakers for and against the fledgling financial industry. But the Blockchain Association reports that more than 100 crypto industry advocates are fighting to help strike the right balance between protection and innovation. The 118th U.S. Congress convened in Washington D.C. on Jan. 3. It’s scheduled to continue until Jan. 3, 2025, during the final two years of President Joe Biden’s first term. The crypto industry is currently in the crosshairs following several high-profile meltdowns last year, the largest being the collapse of FTX in early November. In a Twitter thread on Jan. 3, the director of government relations at the Blockchain Association, Ron Hammond, highlighted the...
Sam Bankman-Fried could spend up to $1B in 2024 to thwart Trump comeback
The billionaire founder and CEO of theFTX cryptocurrency exchange Sam Bankman-Fried has revealed he intends to spend anywhere between $100 million and $1 billion to help influence the 2024 United States presidential election campaigns. In a podcast interview on May 24 Bankman-Fried was asked how much money he might donate during the next presidential election cycle, answering he’d give “north of $100 million” with a “soft ceiling” of $1 billion if he were to bankroll the person running against former president Donald Trump. “I would hate to say hard ceiling because who knows what’s going to happen between now and then.” According to the government watchdog OpenSecrets, which tracks data on campaign finance and lobbying, a $1 billion donation would break existing records multiple times over...
