In July, Donald Trump pledged to fire SEC chair Gary Gensler, a promise well-received by crypto supporters. Post-election, Trump and the crypto industry aimed to nominate Paul Atkins as SEC chair due to his favorable views towards crypto. The industry claimed unjust legal actions, resonating with Trump's views on 'lawfare.' Following significant investments in elections, crypto lobbying influenced the election of over 250 pro-crypto Congress members, diminishing opposition among politicians and raising prospects for favorable crypto regulations.
According to Stand With Crypto, a nonprofit pushing for bespoke crypto regulation in the US, more than 250 pro-crypto representatives were elected to Congress in 2024.
Trump is a big believer in lawfare. If you go to Trump saying you're a victim of lawfare...he's going to side with that.
Through Defend American Jobs, the crypto industry spent more than $40 million in support of Moreno.
The Democrats have gotten the life scared out of 'em. You have to have...
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