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Biden Veto Angers Crypto Industry as It Floods 2024 Election With Cash

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Crypto ニュース

Robert F. Kennedy Jr.,Shomari Figures,Jason Williams

The crypto industry has at least $85 million to spend this election cycle, according to the New York Times.

President Joe Biden vetoed a resolution late Friday that passed through both the U.S. House and Senate and was widely supported by the cryptocurrency industry. And it’s just the latest move from a president who’s put himself firmly in the crosshairs of powerful crypto forces who are dumping millions of dollars into ousting Biden in the upcoming 2024 presidential election.

” The Block reported as recently as last week that Biden’s administration was doing outreach in the crypto industry in what was characterized as a “tone shift,” around crypto. But the bitcoin bros aren’t just focused on the presidential race in the upcoming elections. Crypto super PACs are also planning to dump millions into U.S. Senate races in at least two states, Ohio and Michigan, according to recent reporting from the New York Times.

 

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Biden Does Not Threaten Veto Against House Crypto Market Structure Bill, But 'Opposes Passage'Nikhilesh De is CoinDesk's managing editor for global policy and regulation. He owns marginal amounts of bitcoin and ether.
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