Crypto sector's influence in US politics grows

👥 Super PACs linked to the cryptocurrency sector have amassed over $102 million, making them one of the top contributors to the 2024 US elections. This includes significant funding from corporations like Coinbase and #RippleLabs , leveraging unlimited spending allowed by the Citizens United ruling.

🎯 Their aim? To support crypto-friendly candidates and combat stringent regulations. Notably, this sector has seen success in most of the primary races they've intervened in so far.

💼 On the corporate side, leaders like Brian Armstrong of Coinbase openly admit to using financial clout to shape electoral outcomes, emphasizing a strategy that prioritizes corporate profits over public interests.

📈 Despite controversies and ongoing legal battles with regulatory bodies like the SEC, these #PAC s are gearing up to heavily influence the upcoming general elections, seeking the adoption of laws beneficial to the industry in the future.
#CryptoWatchMay2024 #ETHETFS #BTC

With a grateful heart, I am pleased to announce to my community that I have become a member of the “Binance Product Advisory Council (PAC).”

It is a unique pleasure to be in a key position in the development of Blockchain and cryptocurrencies, where the main goal of this new technology is to improve the lives of people all over the world.

Thank you so much to Binance Team as well as @CZ @Binance and @Richard Teng
#PAC #Kasonso-Cryptography