Looking for Support, Crypto Industry Players Survey Candidates for US Lawmakers

Liputan6.com, Jakarta – The cryptocurrency industry, which is an emerging financial force in the United States (US) election cycle in 2024, is surveying Congressional candidates on their views around digital assets.

The survey from the Stand With Crypto Alliance, an advocacy group that aims to organize crypto-owning voters and influence public opinion, is a way for industries like crypto to engage in political activity.

Ultimately, candidates who answer surveys in a way that is considered positive by the industry will likely gain support from groups looking to increase crypto-friendly candidates.

“Crypto regulation at the federal level is still very contentious and unclear, so seeing which candidates can gain support from the industry could dictate what happens in Congress,” Olivia Buckley of OpenSecrets, a research group that tracks money in US politics, was quoted as saying from Yahoo Finance, Saturday (20/4/2024).

More than a dozen candidates have filled out the survey, including those from California, Alabama, Texas, Indiana and Maryland, according to Stand With Crypto, although the group declined to name them.

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They plan to distribute the survey to candidates in the 468 seats in Congress up for election in November.

The survey, asked questions such as whether a candidate believes cryptocurrencies like Bitcoin will play a major role in technological innovation, and whether a candidate believes it is important for the US to modernize the regulatory environment for crypto.

It also asks whether a candidate would vote in favor of specific legislation, such as a bill introduced to the House of Representatives last year that would establish a regulatory framework for digital assets.

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