How The Next US Congress Could Be The Most Pro-Crypto Ever

Quick Summary:

The US Congress is being targeted by the cryptocurrency industry, which plans to spend a massive $160 million through super PACs to support pro-crypto candidates and shape favorable legislation.

It sees these candidates, both Democrats and Republicans, as progressive advocates who would further the industry’s push for more open regulations and innovation in the digital asset space.

In the Senate, meanwhile, a spate of crypto-friendly legislators is likely to pick up seats, with high-profile names including Reps.Adam Schiff, D-Calif., and John Curtis, R-Utah, expected to win their states handily.

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Article Details

Author / Journalist: Teuta

Category: Crypto

Markets: IndiaCroatiaJordan

Topics: Crypto super PAC 24/7 Cryptocurrency News Us congress US 2024 Election

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 21:14:32 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 675 words

Reading Time: 4 minutes read

Sentences: 49 lines

Sentence Length: 14 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 23207179

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 30 posts per day

Year Established: 2017

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News Last Updated: 8 hours ago

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