Key Points
The denizens of cryptoland have erupted into celebration and gleeful told-you-so's after Donald Trump, the self-styled crypto president, was voted back into the White House on Wednesday morning...
Under the Democratic administration led by President Joe Biden, crypto companies have felt they were being singled out for persecution by US financial regulators and denied access to essential services like banking..
Democratic presidential candidate Kamala Harris, the current vice president, was viewed by the crypto faithful as complicit by proximity and likely to replicate this strategy..
Although the failure to make a persuasive pitch to the crypto electorate is surely not to blame for Harris losing the presidential race to Trump, concedes Padilla, the crypto industry was able to mobilize its capital to put a finger on the political scale...
During the 2024 cycle, crypto firms donated hundreds of millions of dollars to three crypto-friendly super political action committees (PACs)Fairshake, Protect Progress, and Defend American Jobsthe aim of which was to support crypto-friendly congressional candidates and dislodge the industrys most vociferous critics...
