The Potential Impact of Cryptocurrency on Election Outcomes
Money | June 17, 2024, 2:44 p.m.
At a recent event celebrating former President Donald J. Trump's NFTs, cryptocurrency executive Ryan Selkis made a bold statement about the potential political power of the industry. With over 50 million crypto holders in the U.S., Selkis emphasized the influence this community could have as voters in upcoming elections.
Amidst a series of scandals, the crypto industry is positioning itself as a significant player in the 2024 election cycle. Three major crypto firms have joined forces to finance super PACs with the goal of electing pro-crypto candidates in congressional races. While these PACs are not currently involved in the presidential election, the industry is rallying behind Trump, who has shown support for digital currencies.
This move highlights the growing political aspirations of the crypto world and its efforts to establish itself as a formidable force in shaping future policy and legislation.