Brother 800: Splurges $200 million! The cryptocurrency industry is reshaping the political landscape in the United States!
Brothers, there's another blockbuster news from the crypto world! According to the latest reports, the cryptocurrency industry is investing over $200 million in political funds for the 2026 U.S. midterm elections, equivalent to more than 1.4 billion RMB! What does this mean? It means the crypto industry is no longer satisfied with just developing in the financial market but is starting to leverage political power to fight for its own voice! According to earlier Reuters reports, crypto companies had already invested about $189 million by the end of June this year, becoming one of the most important sources of corporate political funding in the U.S. elections. Coinbase, Ripple, and well-known venture capital firm Andreessen Horowitz are key forces behind this political strategy. Brother Ba Bai believes the significance of this matter may far exceed a short-term Bitcoin price increase of several thousand dollars! Why say so? First, the U.S. president serves a four-year term, but laws passed by Congress can affect an industry for decades. What the crypto industry truly needs is not just verbal support from a president but a long-term, stable, clear, and transparent regulatory framework. Second, the industry is pushing for digital asset legislation such as the CLARITY Act, aiming to clarify the regulatory responsibilities between the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission. Once relevant laws make breakthroughs, the legal uncertainties for traditional financial institutions participating in the digital asset market are expected to decrease. For Bitcoin, Ethereum, and the entire crypto industry, this could be a long-term development milestone
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