As Trump Takes a Victory Lap, the Crypto Faithful Kiss the Ring

Quick Summary:

The crypto industry is celebrating the return of Donald Trump to the White House in anticipation of an easier ride under his regime.

During the 2024 cycle, crypto firms donated hundreds of millions of dollars to three crypto-friendly super political action committees (PACs)—Fairshake, Protect Progress, and Defend American Jobs—the aim of which was to support crypto-friendly congressional candidates and dislodge the industry’s most vociferous critics.

By contrast, Harris’s Democratic platform for 2024 did not include any mention of crypto, and she made only a single reference to crypto on the campaign trail, in a pitch to donors in New York City, Bloomberg reported."We will encourage innovative technologies like AI and digital assets while protecting consumers and investors.

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Article Details

Author / Journalist: Joel Khalili

Category: TechnologyEconomy

Markets: United StatesChinaMali

Topics: Business Business / National Affairs Business / Policy and Net Neutrality Politics / Global Elections Business / Blockchain and Cryptocurrency Politics / Politics News Business / Tech Culture

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 21:11:39 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: wired.com

Language: English

Article Length: 1578 words

Reading Time: 9 minutes read

Sentences: 54 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Wired

News ID: 23452708

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Official Website: wired.com

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News Last Updated: 10 hours ago

Coverage Areas: United States

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