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CEO of Saga discusses the shift of the cryptocurrency industry towards the GOP — ETH Denver
The cryptocurrency industry has shown strong support for the Republican Party in the most recent election cycle but has donated significantly to both parties.
Rebecca Liao, co-founder and CEO of layer-1 blockchain Saga, believes that digital assets were initially a bipartisan issue but leaned towards the Republican Party in the most recent election cycle due to the previous administration's anti-cryptocurrency policies.
In an interview with Turner Wright of Cointelegraph at the ETHDenver Conference, Liao pointed out that the lack of cohesive policies from the Securities and Exchange Commission (SEC) is the main challenge facing the industry. The executive stated:
"The cryptocurrency community feels that the government is not really helping the cryptocurrency community with policies that could benefit the industry, so they decided to shift towards the Republican Party."
Liao continued: “The alliance between the Republican Party and cryptocurrency is a matter of opposing the current regime, so both oppose this order.”
The CEO mentioned that campaign contributions also play a crucial role in the GOP's shift towards pro-cryptocurrency policies, adding that the hard truth is that financial contributions often determine the level of attention elected lawmakers pay to a specific voting bloc.
The U.S. government resets its relationship with the cryptocurrency industry #GOP $ETH
The cryptocurrency industry has shown strong support for the Republican Party in the most recent election cycle but has donated significantly to both parties.
Rebecca Liao, co-founder and CEO of layer-1 blockchain Saga, believes that digital assets were initially a bipartisan issue but leaned towards the Republican Party in the most recent election cycle due to the previous administration's anti-cryptocurrency policies.
In an interview with Turner Wright of Cointelegraph at the ETHDenver Conference, Liao pointed out that the lack of cohesive policies from the Securities and Exchange Commission (SEC) is the main challenge facing the industry. The executive stated:
"The cryptocurrency community feels that the government is not really helping the cryptocurrency community with policies that could benefit the industry, so they decided to shift towards the Republican Party."
Liao continued: “The alliance between the Republican Party and cryptocurrency is a matter of opposing the current regime, so both oppose this order.”
The CEO mentioned that campaign contributions also play a crucial role in the GOP's shift towards pro-cryptocurrency policies, adding that the hard truth is that financial contributions often determine the level of attention elected lawmakers pay to a specific voting bloc.
The U.S. government resets its relationship with the cryptocurrency industry #GOP $ETH
🔥🔥🔥🔥🔥 NEWS UPDATE 🔥🔥🔥🔥🔥
💸All about the Dons: House GOP bill would put Trump's face on $100 note
💸💸💸💸💸💸💸💸💸💸💸💸💸💸💸💸
He said that replacing Benjamin Franklin with Trump on the $100 bill "is a small way to honor all he will accomplish these next four years."
If passed, his bill would direct the treasury secretary to release a "preliminary design" of the bill by the end of 2026, with a goal of circulating the notes beginning in 2029.
#trump100 #Gop #USTariffs #USCryptoReserve #BinanceAlphaAlert $BTC
💸All about the Dons: House GOP bill would put Trump's face on $100 note
💸💸💸💸💸💸💸💸💸💸💸💸💸💸💸💸
He said that replacing Benjamin Franklin with Trump on the $100 bill "is a small way to honor all he will accomplish these next four years."
If passed, his bill would direct the treasury secretary to release a "preliminary design" of the bill by the end of 2026, with a goal of circulating the notes beginning in 2029.
#trump100 #Gop #USTariffs #USCryptoReserve #BinanceAlphaAlert $BTC
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