The crypto industry plowed tens of millions into the election. Now, it’s looking for a return on that investment
CNN
The cryptocurrency industry’s leading super PACs plowed $131 million into congressional races in this cycle to help elect dozens of pro-crypto lawmakers to Congress, while individual billionaires with crypto interests spent millions to help return Donald Trump to the White House.
The cryptocurrency industry’s leading super PACs plowed $131 million into congressional races this election cycle to help elect dozens of pro-crypto lawmakers, while individual billionaires with crypto interests spent millions to help return Donald Trump to the White House. Now, they are determined to change how Washington treats their business. Goals include ensuring Trump selects a crypto-friendly Securities and Exchange Commission chair to replace Gary Gensler, whose aggressive enforcement actions during the Biden administration enraged cryptocurrency CEOs. Industry groups are also lobbying Congress to pass a regulatory framework that they say is needed to pull crypto into the mainstream of the US financial system. The industry could be well-positioned heading into the new session of Congress. A tracker run by a group called Stand with Crypto said 274 pro-crypto candidates had been elected to the House and 20 to the Senate this cycle. Crypto super PACs spent heavily on Republicans as well as key Democrats, including two who won open seats in the US Senate, Elissa Slotkin in Michigan and Ruben Gallego in Arizona. Crypto’s bipartisan political clout signals a remarkable rebound from just two years ago when the industry was reeling from the sudden implosion of the troubled FTX crypto exchange. In its aftermath, lawmakers scrambled to rid themselves of campaign donations from the firm’s leader, Sam Bankman-Fried, who is now serving a 25-year prison term for defrauding customers and investors. Bitcoin, the world’s largest cryptocurrency, climbed to record highs after Trump’s win, in anticipation of more pro-crypto policies from his administration.
President Donald Trump is reshaping a Colorado Republican primary by offering one of the candidates a role in his administration and returning his endorsement to the incumbent, whom he called a “RINO” just last month.
More than a month into the Department of Homeland Security shutdown, lawmakers on Capitol Hill are reckoning with their own travel privileges amid anxieties the funding crunch could exacerbate issues at already understaffed airports around the country.
TV host and comedian Bill Maher has been chosen to receive the prestigious Mark Twain Prize for American Humor, two sources close to the Kennedy Center told CNN.
Conventional wisdom has set in that President Donald Trump’s base is sticking with him on the Iran war, but he has alienated significant portions of his voters — and risks alienating more.
US officials are furiously trying to avert a potential monthslong closure of the Strait of Hormuz, privately acknowledging that reopening the key waterway is a problem without a clear solution and dependent at least in part on what lengths President Donald Trump is willing to go to force the Iranian regime’s hand, multiple administration and intelligence officials tell CNN.
The chief executive of Live Nation testified Thursday that it was “disgusting” that a top ticketing employee talked about “robbing fans blind” in internal messages.
Supreme Court revives First Amendment lawsuit from street preacher who called concertgoers ‘sissies’
The Supreme Court on Friday revived a First Amendment lawsuit from a street preacher who used a loudspeaker to call people “whores,” “Jezebels” and “sissies” as they tried to enter an amphitheater to attend concerts in a suburban Mississippi community.
As millions of Americans braced for a series of brutal storms this winter, the senior official in charge of the federal government’s disaster response had been on the job only a few weeks — and had previously claimed on podcasts that he once teleported to a Waffle House.
Air travelers across the US continue to face travel headaches as Transportation Security Administration workers go without full pay. Find the latest live updates here.
Veterans’ advocates are raising concerns that a new agreement between the departments of Veterans Affairs and Justice could take away veterans’ autonomy over their health care decisions and deter them from seeking care, particularly those facing homelessness.
Admirers of Cesar Chavez and public officials are scrambling to respond to claims about the man who has been honored with holidays, statues and school names in communities around the country.
The co-founder of Super Micro Computer and two others were charged with diverting $2.5 billion worth of servers with Nvidia’s artificial intelligence chips to China, in violation of US laws barring exports to that country without a license.
The Treasury Department will begin to manage federal student loans in default, taking on a key function of the Education Department as the Trump administration further pushes to dismantle it.