Over the recent election, crypto-focused political action committees (PACs) invested approximately $131 million in congressional races to secure a government more favorable to digital assets and blockchain technology. Prominent industry billionaires also spent considerable sums supporting efforts to have Donald Trump re-elected.
As the dust settles, the sector is now focused on reshaping its regulatory landscape in Washington. Key objectives include replacing Gary Gensler, the SEC chair known for his strict regulatory stance, with someone who takes a more favorable approach to crypto. In addition, industry leaders are lobbying…
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