Just two years after FTX's collapse prompted calls for strict oversight, the crypto industry has reinvented itself as a major force in U.S. politics, deploying millions of dollars in campaign spending across both Republican and Democratic parties. What began as a defensive response to regulatory pressure has evolved into a coordinated political strategy, with crypto-backed PACs and lobbying groups influencing key races and shifting the legislative conversation in Washington. The industry's rapid pivot from embattled sector to influential political machine marks one of the most striking turnarounds in recent financial history, raising questions about how crypto-aligned lawmakers may shape future policy on digital assets, banking, and financial regulation in the United States.
— Sponsored —
Trade smarter on BYDFI
Get a bonus on your first deposit — from $50 at $100, up to $2,000 at $20k. 200x leverage, 600+ perpetuals, deep liquidity.