The cryptography industry was also among the largest elections for 2024 elections. A Crypto Super Political Action Committee spent more than $ 130 million in 2024 breeds in the congress. Coinbase – The largest crypto exchange in the country – was the largest contributor to the Super PAC.
The bets of the cryptocurrency industry already pay dividends. The congress is now traveling quickly to create a complete framework for the regulation of digital assets in the midst of a change in Washington. Trump, a Republican, is committed to making the United States the world capital of cryptocurrency, contrasting with what industry leaders considered a stifling regulatory approach under the previous democratic administration. The Americans could soon invest in the crypto in their retirement accounts, after Trump’s work secretary repealed the directives of an administration of Biden according to which said crypto may not be appropriate for 401K and Ira. President Joe Biden regulators argued that the extreme volatility of cryptocurrencies make the class of assets too risky for Americans trying to save in the long term for retirement.
Regardless of the way in which crypto has performed in the past, the ability of Americans to put its retirement funds, around $ 44 billions in assets, in Crypto will lead to billions of dollars in industry, if even a small part of the Americans will put their assets in a cryptocurrency fund.
Trump and his family have also increased their personal activities aggressively in almost all parts of the cryptocurrency ecosystem, including Increase billions of dollars to buy bitcoin,, Creation of a new stablecoin And throw and promote a piece of memes on Trump’s theme.
Trump brought crypto enthusiasts on Thursday at the Coinbase Political Conference in New York by video, saying that it is “a great honor” to be called the “first president of cryptography”.
“Congratulations to everyone at this exciting moment for your industry and in the life of our country,” said Trump, to applaud.
Chris Lacivita, the former co-camp manager of Trump’s presidential candidacy offers in 2024, joined the Coinbase Advisory Council in January.
Lacivita and Plouffe were interviewed Thursday at the political conference in New York, where they talked about their efforts to court the so-called “cryptographic voters” during the 2024 elections. Harris and Trump teams considered the group as a new block of potential swing voters that were to be won. The director of Coinbase chief policies, Faryar Shirzad, said that the company had met the two campaign to sell them on potential.
Lacivita said Trump – who had once been a skeptical crypto – quickly came, with the help of the contribution of his sons Barron Trump and Donald Trump Jr.
“I think the novelty was exciting, from the president’s point of view,” said Lacivita. “It didn’t really take much.”
The campaign, he said, also saw the opportunity to engage in a group of voters who may not have been actively engaged in politics in the past, especially black and younger voters, with whom the Republican party has struggled in the past.
“This gave us the opportunity to establish common ground with an area and a demography in which we must develop to succeed,” he said. “It was one of these good growth opportunities in politics”, which, according to him, are “rare”.
Plouffe said the Harris campaign had reached the same conclusion and argued that the group was only growing.
“People who have crypto are quite competitive politically,” he said. “They are not Maga voters. They are swing voters. Lean a little democratic, certainly much younger. ”
The two were also optimistic about the chances of their party in the mid-term elections next year. Plouffe stressed that the output party generally has an advantage. He recognized that the Democratic Party “has a lot of work to do on his brand” after their disappointing finish last year, but said that he hoped “that it would come from people who run and from the base together”.
Lacivita said Trump’s goal would be to demonstrate to voters that he keeps his campaign promises.
Plouffe, who previously sat on the Global Advisory Board for Binance, joined a council which also includes the former Senator of Arizona, Kyrsten Sinema, a democrat who has become independent. The role of advisers is to be a “sound advice” to discuss political efforts and the commercial strategy, said Faryar Shirzad, director of Coinbase policy.
At Congress, Legislation is advancing Much faster than usual for a new industry – a rhythm which, according to some involved in the formation of bills, comes in the middle of a total pressure campaign in the cryptocurrency sector.
On Wednesday, a group of democrats joined the Republican majority to advance the legislation regulating stablecoins, a type of cryptocurrency generally set to the US dollar. The final passage through the Senate could come next week.
Meanwhile, a more radical invoice to implement the market structure of cryptocurrencies began to move in the chamber committees.
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Cappelletti has reported to Washington.
Credit: AP
Credit: AP
