Crypto Emerges as Political Force in US Elections
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The collapse of FTX in 2022 initially spurred calls for stringent regulation, but the crypto industry has since rebounded as a formidable political player. By channeling substantial funds across party lines, crypto advocates have influenced key elections and shifted the narrative from regulatory target to influential lobby. This transformation underscores the sector's growing clout in Washington, as policymakers increasingly consider digital asset legislation favorable to industry interests. The trend suggests sustained political engagement, potentially leading to clearer regulatory frameworks that could foster institutional adoption and market growth.
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