Crypto is a Political Force!💪
Members of Elizabeth Warren's anti-crypto army are dropping like flies
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Primary Races Spark Hope for Pro-Crypto Policy in the U.S.
The crypto industry is excited about the outcomes of two primary races that could significantly impact the future of crypto policy in the United States. Here's a rundown of the recent developments:
New York’s 16th Congressional District: George Latimer Triumphs
In a hotly contested race, progressive New York Democrat Rep. Jamaal Bowman was defeated by Westchester County Executive George Latimer. Bowman, known for his critical stance on crypto, had formed a notable alliance with Sen. Elizabeth Warren, a figure infamous in the crypto community for her intent to create an "anti-crypto army." Warren's endorsement of Bowman added fuel to the fire, making his defeat a significant victory for pro-crypto advocates.
Utah Senate Race: John Curtis Secures GOP Nomination
Utah Rep. John Curtis has successfully secured the Republican nomination for the open seat of outgoing Sen. Mitt Romney. Curtis's victory has been welcomed by the crypto community, as he is seen as a potential ally for digital asset policy and tech innovation.
Pro-Crypto Super PAC Fairshake's Role
The pro-crypto super PAC Fairshake, heavily funded by some of the biggest names in crypto with $169 million, played a pivotal role in these races. Fairshake invested $2 million in an ad campaign opposing Bowman, contributing to his defeat. Fairshake has been vocal about its influence in Bowman’s ousting, citing his alignment with Warren as a key reason for their opposition.
Looking Ahead: Presidential Debate and Crypto
The crypto community is eagerly awaiting the first presidential debate of 2024, which is scheduled for tomorrow. Many expect a question on crypto policy to arise, marking a potential turning point in the national conversation. President Joe Biden has yet to publicly address his stance on crypto, while his opponent, Donald Trump, has been notably vocal in his support for digital assets. This debate could offer crucial insights into the future regulatory landscape for the crypto industry.
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📰 Latest Crypto News:
US Government sends 3,940 Bitcoin worth $241 million to Coinbase.
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This election is all about crypto! Love it.