Alex Chehade’s Post

Data may be the new oil, but in political influence, crypto is taking over from oil. 48% of all corporate money contributed during this year’s elections ($248 million so far) came from crypto backers. Coinbase and Ripple (both of which are under investigation by the SEC) each contributed $50 million, passing the perennial top donor, Koch Industries. In the past three election cycles, Crypto corporations’ total spending has been $129 million – 15% of all known corporate contributions since the 2010 Citizens United decision. The crypto sector’s political action committee ("Fairshake") has already raised as much in corporate contributions as the Senate Leadership Fund (the GOP super PAC) has over the past 14 years. https://lnkd.in/gABX8e2V

Trump’s Crypto Grift Is the Last Thing America Needs It was inevitable that the former president would ending up hawking a digital currency. But surely the country has more pressing concerns. What’s not normal is for a leading candidate to lease his campaign out as a publicity platform for a new business that would explicitly benefit from his future administration’s policies. And what a business! Even in an industry that’s become almost synonymous with fraud and hacks, World Liberty Financial stands out. One of the key players, Chase Herro, has called himself the “dirtbag of the internet” and spent a career pitching dubious products, from a weight-loss scheme to a previous crypto project that lost millions in a hack. Another, Zachary Folkman, once ran a highbrow enterprise called Date Hotter Girls. What he shouldn’t get away with is corrupting public policy to serve his business partners or selling out the national interest to benefit his flailing company. It should never be acceptable to wield the presidency itself to advance such a grift.

Crypto industry becomes BIG Bloomberg reports that #crypto titans have pooled a $160M war chest to back Republican candidates in the upcoming US Senate races. With the 2024 presidential election coming up, the influence of this $160M could have significant implications. https://lnkd.in/e95djdYP In simpler terms, Bloomberg says the whales and their vast capital have now openly entered the game. This makes me even more confident we'll see a real #bullrun in 2024-25 after the US presidential election. However, I still need to figure out what exactly this bull run will look like. For example, can altcoins overcome the dominance of #BitcoinETFs and (possibly) #EthereumETFs in this cycle? And how will the crypto industry's political influence change?

** Crypto Boosts Trump's Odds ** ➡ Is Trump’s pro-crypto stance helping his presidential candidacy? According to Polymarket, the answer appears to be yes. ➡ Prior to Trump’s NFT Gala on May 8th, Trump’s and Biden’s odds were neck-and-neck in the mid-40s. Since then, the gap has widened with Trump charging ahead. ➡ Correlation is not causation, but the timing is uncanny, and it’s hard to imagine any other possible drivers. For more,  https://lnkd.in/gmagMVh4 Do you agree? Let me know if you think something else explains it! #trump #biden #2024Election #Crypto

The U.S. political landscape is increasingly favorable for the crypto industry, with both Republicans and Democrats showing support. Recent bipartisan legislation is shifting away from heavy regulation, driven by politicians like Trump, who now accepts crypto donations, and Democratic leaders like Chuck Schumer. While skeptics like Elizabeth Warren remain, the broader political winds are aligning toward a lighter regulatory touch, benefiting the industry. This growing support is expected to enhance crypto's influence regardless of who wins the 2024 election.

📺 Congressman Ro Khanna recently held a crypto roundtable with Mark Cuban and crypto industry leaders. He will also be speaking at the Bitcoin conference in Nashville. He joined me to discuss how Democrats are embracing Crypto. Topics: - How the US can be the leader in Crypto - Changing the perception that #Democrats are Anti-Crypto - Recent Crypto roundtable takeaways - Speaking to Kamala Harris' team about #Crypto - If #KamalaHarris becomes president will Gary Gensler be removed as #SEC chair? - Updates on the FIT21 Bill - When we may see #Stablecoin legislation voted on - #Bitcoin as a US treasury reserve asset https://lnkd.in/dxaTdC9G #interview #podcast #congressman #thinkingcrypto

Donald Trump Commits to Crypto, Promises Self-Custody Rights Trump's pro-crypto actions and statements have boosted his election prospects, with Polymarket showing him ahead of Biden. The post Donald Trump Commits to Crypto, Promises Self-Custody Rights appeared first on BeInCrypto. https://lnkd.in/e7bjzVJx #Blockchain #Crypto

Cryptocurrency in the 2024 election? Not a big deal for most. Yet, crypto is deeply involved in politics now. But voters care more about jobs, healthcare, and security. 👉 $119 million from crypto corporations enters federal elections. Why? Because Trump and Harris have noticed its clout. Trump flips his stance, goes full crypto-friendly, and even starts his own crypto venture. Harris, subtler but still making moves, courts crypto too. It's all about money and votes. Trump's promises—making the U.S. a crypto capital—with a wink to the libertarian crowd. This isn’t just about money. It’s about power and influence. ------------------------------- ➕ Follow for more ♻ Share with your networ

Here are my two sats on what to do with recent congressional interest in crypto in a constructive way, that helps us a little and doesn’t hurt us. Thanks for feedback. https://lnkd.in/eS-kHMZw

🔴 As we approach the Bitcoin Convention in Nashville, where Trump will speak later this month, there is anticipation for pro-crypto regulation policies. Assessing strike prices from September to December, sentiment is building that BTC could reach $80k by year-end. 📈 Read my latest thoughts on options expiration and positions on CryptoQuant via https://lnkd.in/dmgxn6bu #onchain