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Crypto’s ‘huge moment’ scrambling US politics
Cryptocurrency is used by a fraction of the American electorate. But it’s starting to have an outsize impact on U.S. politics and policy. The crypto industry won several eye-catching victories this month that showcased its growing influence on the levers of power in Washington — something that’s poised to expand as it prepares to spend more than $80 million on the 2024 elections. The wins come as the Federal Reserve said this week that only 7 percent of adults held or used crypto last year, a decline of 5 percentage points from 2021. Crypto-friendly legislation moving through Congress in the last two weeks drew ... (full story)