Crypto is making a splash in U.S. elections — but chiefly in jabs about industry influence
Source: CoinDesk ·
From the source
Boosters often say crypto voters can swing elections, but Democrats are seeking mileage out of tying crypto to Trump, corruption and attempts to buy seats in Congress. Crypto is finally being talked about in U.S. political campaigns, but it's certainly not in a light that the industry would choose. Though digital assets advocates have long referenced a grassroots uprising of crypto-focused voters that can swing elections, the industry's own massive campaign spending has carefully decided against even mentioning the financial technology in the ads it buys for favored candidates. But crypto is having a moment in the midterms, anyway, as the sector's critics paint its political involvement as a venal influence on congressional campaigning. A number of Democratic candidates have raised crypto as a black mark to suggest improper corporate sway over their political adversaries and more generally as a factor in corruption accusations against President Donald Trump and his administration. In…