How tech bros bought 'America's most pro-crypto Congress ever'
The article discusses how the cryptocurrency industry has been able to influence the recent US midterm elections by pouring tens of millions of dollars into political campaigns and lobbying efforts. The industry has been able to support candidates who are friendly towards cryptocurrency and blockchain technology, and in some cases, even ran their own candidates for office.
The article highlights the efforts of a group called “Crypto Congress,” a political action committee (PAC) that was formed to support pro-cryptocurrency candidates in the 2022 midterm elections. The PAC raised over $10 million from donors in the cryptocurrency industry and used that money to support candidates who were seen as friendly towards the industry.
The article also notes that the efforts of Crypto Congress and other pro-cryptocurrency groups have been successful, with many of their supported candidates winning their elections. The article suggests that this could lead to a more favorable regulatory environment for cryptocurrency in the US, as lawmakers who are friendly towards the industry take office.
The article also mentions that the influence of the cryptocurrency industry on politics is not limited to the midterm elections. It notes that there have been efforts by the industry to lobby lawmakers and regulatory agencies to create a more favorable environment for cryptocurrency and blockchain technology.
Overall, the article suggests that the cryptocurrency industry has been able to exert significant influence on US politics, particularly in the 2022 midterm elections, and that this could have positive implications for the industry’s future in the country.