Republicans claim betrayal as cryptocurrency PAC backs Democrats
NBCJUL 28 2024
The Spin
Narrative A
The pernicious influence of money in politics continues unabated, as politicians who were once fiercely critical of crypto are now singing its praises once checks have been signed. The crypto lobby wants to evade regulation and continue making money off these speculative assets hand over fist, and are blatantly trying to buy influence on both sides of the aisle. These donations help no one but massive crypto enterprises.
Narrative B
Crypto will leave politicians alone once they decide to leave crypto alone. Cryptocurrency was once treated as any other asset before zealous anti-blockchain politicians took the line that the industry should not exist whatsoever and continually demonized it. This is wholly unfair, and crypto leaders are donating to politicians on both sides of the aisle who have proven to be sensible on this vital issue.