Big Crypto emerges as political player

Big Crypto emerges as political player

With cryptocurrencies exploding in popularity in the past year, some that have gained from the crypto boom have increasingly sought to transfer their newly minted digital wealth into influence at the highest echelons of power: Washington DC.

Big Crypto emerges as political player 

A new bipartisan alliance of libertarians, business executives and tech utopians have begun to not only unite on legislation to help the crypto sector grow, but are throwing money behind candidates running for seats in the US House of Representatives.

Protect Our Future, a super PAC bankrolled by crypto billionaire Sam Bankman-Fried, CEO and founder of crypto exchange FTX, has already spent over $1 million backing Brown, according to the Federal Election Commission (FEC).

A powerful crypto lobby has started to assert itself in US politics in a short period of time.

With cryptocurrencies exploding in popularity in the past year, some that have gained from the crypto boom have increasingly sought to transfer their newly minted digital wealth into influence at the highest echelons of power: Washington DC.

A new bipartisan alliance of libertarians, business executives and tech utopians have begun to not only unite on legislation to help the crypto sector grow, but are throwing money behind candidates running for seats in the US House of Representatives.

Protect Our Future, a super PAC bankrolled by crypto billionaire Sam Bankman-Fried, CEO and founder of crypto exchange FTX, has already spent over $1 million backing Brown, according to the Federal Election Commission (FEC).