In response to escalating regulatory challenges and increasing skepticism, digital asset companies are reportedly upping their political donations. Notable players, including Coinbase, Circle, and a16z, are directing funds towards supporting pro-digital-asset legislators and influencing stalled bills in Congress, particularly in anticipation of the upcoming presidential election.
Donations to Politicians
According to a recent report by the Financial Times, in the past week, these companies collectively injected $78 million into Fairshake, a federal super PAC designed to support “pro-crypto leadership.”
Faryar Shirzad, Chief Policy Officer at Coinbase, emphasized their…
Read more on bitcoinnews