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After Receiving Millions in Crypto, 3 Democrats Push Industry's Top Bill
The bill would ensure most cryptocurrency tokens are treated as commodities and not securities, limiting the Securities and Exchange Commission’s oversight.
Here’s how the cryptocurrency industry has backed these Democrats, including multi-million dollar super PAC expenditures, rallies with rappers, and contributions from executives made just days before they circulated their letter. “Attendees will enjoy free food, drinks, and live music while rallying support for voter participation and engagement in the crypto community,” according to the RSVP page. Only two candidates received more Fairshake super PAC support in the 2024 elections, and both lost, making Davis the top beneficiary of the group’s 2024 spending in Congress this session.
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