The cryptocurrency industry is preparing to spend big next year to protect the gains it made in November, when it deployed tens of millions in campaign cash to cement a favorable regulatory environment in Washington.
President Donald Trump not only won a second term in 2024, promising to make the United States the “crypto capital of the planet,” but allied super PACs also succeeded in electing lawmakers in battlegrounds from Michigan to California.
All told, crypto groups blanketed the 2024 map with some $130 million in advertising for, and against, lawmakers in both chambers. In Ohio alone, they spent $40 million to topple Sen. Sherrod Brown, the crypto-skeptical Banking Committee chairman.
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The investments have raised the odds that Congress, today under unified GOP control, passes light-touch
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