BLOOMBERG · 2026-10-06 21:00 UTC

Crypto's Lobbying Juggernaut Hedges Bets on Favorable Legislation

The crypto industry's Fairshake super PAC is spending millions to support 32 midterm candidates despite dim prospects for favorable legislation in the near term. Democrats are expected to gain power, making crypto-friendly market-structure legislation unlikely for several years, but the industry is taking a long-term view toward 2028 and beyond. Public interest in crypto is declining, with Bitcoin Google searches at 3-year lows and less than 2% of US adults using cryptocurrency for payments according to Federal Reserve data.

Loading the story on Tree News…