Crypto Firms Spend Heavily to Influence Federal Reserve Policy
Crypto firms are actively seeking to influence the Federal Reserve, with several companies and industry groups making concerted efforts to gain a foothold within the central bank. This push is part of a broader strategy by the crypto industry to shape regulatory policies and gain legitimacy in the traditional financial sector. The efforts include backing pro-crypto candidates in special elections through political action committees (PACs) and lobbying for positions within the Federal Reserve.
The crypto industry’s political spending has been substantial, with firms and their PACs investing heavily in campaigns to support candidates who are favorable to their interests. This strategy aims to ensure that the regulatory environment is…
