Cryptocurrency companies have sharply increased the funds they allocate to US politicians as skepticism about the digital asset market grows in Washington. A British newspaper writes about this Finance Times.
“Crypto companies have sharply increased donations to US politicians as sentiment towards the digital asset market intensifies in Washington,” the publication said.
It is stated that we are talking about companies such as Coinbase, Circle and a16z. The publication highlights that the companies are directing “more funds” to elect pro-crypto lawmakers and influence bills pending in Congress ahead of next year’s presidential election.
Last week, Coinbase, Circle and a16z were among the companies that invested $78 million in Fairshake, a “federal super PAC” that can accept unlimited amounts of money from companies and individuals for election expenses and will go to “crypto leadership supporters.” ” .
They were also joined by Ron Conway, Fred Wilson and the Winklevoss twins, well-known investors in venture capital and digital assets, according to the Financial Times.
Before that in the USA prohibited Show ads for crypto projects at the Super Bowl in 2023.
happened before known The estimated bottom point of Bitcoin’s value.