Part 1/4:
The Crypto Surge: How a Pro-Crypto Administration Could Reshape the Industry
The Crypto Industry's Election Spending Pays Off
The crypto industry's massive spending in the 2022 election cycle appears to have paid off, with nearly every single candidate backed by crypto's biggest political action committees declared winners. Coinbase alone poured over $75 million into pro-crypto candidates, part of the industry's $35 million in total election spending.
The industry's strategy was not to focus on crypto itself, but rather on broader "kitchen table" issues like immigration and inflation. This suggests the industry recognized crypto may not be a top priority for most voters, and instead sought to defeat politicians seen as adversaries to the crypto space.
[...]