Coinspeaker
Coinbase, a16z, Ripple and Others Invest $78M in Pro-crypto PAC Ahead of US Elections 2024
The crypto market has faced immense regulatory scrutiny from the current US government led by President Joe Biden. The lack of a clear crypto regulatory framework has left significant room for the United States Securities and Exchange Commission (SEC) and other federal agencies to crack down on web3 companies with decades-old policies. However, the mass adoption of crypto assets and web3 protocols in the United States has pushed politicians seeking re-election seats next year to swing in favor of blockchain technology. Moreover, the United States has been lagging behind other global markets like Europe, the Middle East, and Singapore which have enacted clear crypto regulations and attracted notable investors’ attention.
Crypto Leaders in the US Come Together to Trigger Necessary Changes
The United States is preparing to conduct the general elections on November 5, 2024. As a result,
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