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Emboldened crypto industry seeks to cement political influence and mainstream acceptance

The cryptocurrency industry is seeking to increase its political influence and mainstream acceptance amid growing impatience and eagerness, following significant political spending after Trump's election.
Recent legislation aims to set regulations for stablecoins and clarify the classification of digital assets as securities or commodities, reflecting the industry's increasing influence in politics.
Crypto supporters have voiced grievances in Congress regarding treatment during the Biden administration and are expecting bipartisan support for new legislation.
David Sacks, the crypto czar, launched a congressional working group aimed at advancing cryptocurrency regulations, which has garnered attention in the industry.

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Bloomberg

Binance CEO Teng Sees ‘Fresh Reset’ for Crypto in New US Regime

The US under President Donald Trump has moved on from a crypto regulatory regime marked by “a bit of oppression”, according to Richard Teng, chief executive officer of Binance Holdings Ltd.

2 days ago·United States

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PBS NewsHour

How an emboldened crypto industry is trying to cement political influence

The crypto industry has scored some early wins since Trump took office, including the repeal of an accounting rule by the U.S. Securities and Exchange Commission and an executive order by the president directing a working group to study and propose changes to crypto regulations as well as the possible formation of a strategic government reserve of cryptocurrencies within 180 days.

4 days ago·Washington, United States

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Arkansas Business

Emboldened Crypto Industry Seeks to Cement Political Influence and Mainstream Acceptance

When the Trump administration’s crypto czar, David Sacks, recently held a news conference to announce a new congressional working group to advance cryptocurrency regulation, many digital asset enthusiasts were unimpressed and underwhelmed. “There were a lot of people on X who felt like this wasn’t, you know, a mind-blowing announcement,” Sacks said on a podcast a few days later, referring to the social media outlet formerly known as Twitter. But…

4 days ago

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The Globe & Mail

Emboldened crypto industry seeks to cement political influence, mainstream acceptance

After spending heavily to help elect U.S. President Donald Trump and other crypto-friendly lawmakers, the industry is eager to secure its influence in politics and mainstream financial systems

4 days ago·Canada

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