this post was submitted on 26 Aug 2024
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The crypto industry is making its mark on this year's elections to the tune of some $119 million.

The funding has largely come from two companies — Coinbase and Ripple — which are funneling money into super PACs like Fairshake PAC, which is dedicated to "elevating pro-crypto candidates and attacking crypto skeptics," according to Public Citizen.

At the 2024 bitcoin conference in Nashville in February, Trump — who called bitcoin "highly volatile and based on thin air" in 2019 — said he'd lay out a plan "to ensure that the United States will be the crypto capital of the planet and the bitcoin superpower of the world." Trump has already won the backing of several crypto enthusiasts, including his running mate JD Vance, who owns at least $250,000 in bitcoin.

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[–] [email protected] 12 points 2 months ago* (last edited 2 months ago)
[–] [email protected] 6 points 2 months ago

A yes, what a truly democratic country

[–] [email protected] 16 points 2 months ago

Funny that some cryptobros still think bitcoin is the currency of the people. That shit is controlled by the rich as well, including the banks that they claimed would be left out of the "crypto revolution".

[–] [email protected] 31 points 2 months ago* (last edited 2 months ago)

You mean money launderers, criminals, and foreign governments are openly spending more than any other industry?

[–] [email protected] 13 points 2 months ago (1 children)

Yeah.. and they get to use other people's money while doing it. Crypto is great.

[–] [email protected] 15 points 2 months ago (1 children)

What, you don't like unregulated banks who don't actually provide any useful services?

[–] [email protected] 6 points 2 months ago

Hey now... money laundering is a useful service to people in certain professions.

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