Crypto becomes a political player

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Crypto becomes a political player
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Cryptocurrency is showing its growing power in national politics, with its own billionaires tilting the balance in key midterm contests — and operatives in both major parties rushing to use the underlying tech to boost their campaigns.

Cryptocurrency is showing its growing power in national politics, with its own billionaires tilting the balance in key midterm contests — and operatives in both major parties rushing to implement the underlying technologies to boost their candidates and campaigns.Political groups backed by wealthy crypto investors have already scored some key wins in the 2022 midterm primaries.

Both described its mission in more general terms, with a focus on "forward-thinking Republicans" determined to "leverage America’s scientific and technological advantages to defend our country’s long-term prosperity and security." Last year, the National Republican Congressional Committee announced it would accept crypto donations. Its chair, Rep. Tom Emmer , is the co-chair of the Congressional Blockchain Caucus.

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