BELOW SUPERNAV drop zone ⇩

Cryptocurrency gaining influence in presidential campaign

  • Trump, Kennedy campaigns accept donations via crypto
  • Crypto Super PAC has collected more than $100 million
  • House passes bill classifying crypto as a commodity

MAIN AREA TOP drop zone ⇩

MAIN AREA TOP drop zone ⇩

maylen

https://digital-stage.newsnationnow.com/

AUTO TEST CUSTOM HTML 20241114185800

AUTO TEST CUSTOM HTML 20241115200405

AUTO TEST CUSTOM HTML 20241118165728

AUTO TEST CUSTOM HTML 20241118184948

(NewsNation) — Cryptocurrency is a force to be reckoned with in the economy, and the presidential campaign, according to one leading crypto executive.

“There are millions and millions of Americans who’ve decided to opt in to the crypto economy,” said Faryar Shirzad, chief policy officer of the cryptocurrency exchange platform Coinbase.

“It’s just been a matter of time for politicians to realize what an opportunity there is to speak to these voters,” he told “The Hill on NewsNation.”

The crypto industry has more power than past campaigns, thanks to super PAC called Fairshake, which has raised more than $100 million. “Fairshake supports candidates committed to securing the United States as the home to innovators building the next generation of the internet,” its website says.

“Candidates are increasingly recognizing that they need to speak to this community, and we’re gratified by that,” Shirzad said.

Earlier this week, the Trump campaign said it would accept crypto currency donations. Trump supporters can donate using “any cryptocurrency accepted through the Coinbase Commerce product,” his campaign said in a press release.

Also this week, the House of Representatives passed a bill that would designate the Securities and Exchange Commission and the Commodity Futures Trading Commission to regulate difference forms of crypto currency, depending on the status of their blockchains.

The Biden administration opposes the bill but has not explicitly said the president would veto it. The measure heads to the Senate, where its fate is uncertain.

The Hill on NewsNation

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

 

MAIN AREA MIDDLE drop zone ⇩

Trending on NewsNation

AUTO TEST CUSTOM HTML 20241119133138

MAIN AREA BOTTOM drop zone ⇩

tt

KC Chiefs parade shooting: 1 dead, 21 shot including 9 kids | Morning in America

Witness of Chiefs parade shooting describes suspect | Banfield

Kansas City Chiefs parade shooting: Mom of 2 dead, over 20 shot | Banfield

WWE star Ashley Massaro 'threatened' by board to keep quiet about alleged rape: Friend | Banfield

Friend of WWE star: Ashley Massaro 'spent hours' sobbing after alleged rape | Banfield

Fair

la

49°F Fair Feels like 48°
Wind
3 mph ENE
Humidity
53%
Sunrise
Sunset

Tonight

Partly cloudy skies. Low 47F. Winds light and variable.
47°F Partly cloudy skies. Low 47F. Winds light and variable.
Wind
2 mph NNE
Precip
7%
Sunset
Moon Phase
Waning Gibbous