Sunday, May 26, 2024

Crytpo lobbying and campaign cash in search of lax regulation


High-profile crypto fraud cases have not prevented the House from passing a bill aimed at switching crypto regulation from the SEC -- where Gary Gensler wants to institute strict regulation to protect investors -- to the Commodity Futures Trading Commission, which seems poised to let crypto cowboys have their way. Campaign donations from crypto-related donors and crypto-linked PACs are spending hundreds of millions. The article shows the Top 10 who received crypto support. The House bill passed with near-unanimous Republican support and dozens of Dems also approving. [NOTE: Candidate Alsobrooks has received crypto cash support. Not sure about others in Maryland - Charlie Cooper]

Charlie Cooper

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