US Political Candidates Receive Ultimatum From Crypto Lobby: ‘Side With Us Or Risk Defeat At The Ballot Box’
Summary
The US crypto lobby has warned political candidates to support them or face defeat in the 2024 elections. Industry giants have contributed $10M to back pro-crypto nominees, influencing the defeat of a Democratic representative. The lobby plans to pressure other allies and has amassed $75M for election use. It aims to promote candidates supporting its interests and opposes stringent anti-money laundering rules. Despite past challenges, the industry now wields significant financial influence in politics.
