How the Crypto Industry's Political Spending Is Paying Off

Contributing sentiments towards policy:

75% : But a group of senators, including Senator Tim Scott, the South Carolina Republican who chairs the Banking Committee, introduced the GENIUS Act in February.
66% : A provision in the GENIUS Act would allow overseas companies to get around some of its requirements.
64% : He voted to advance the GENIUS Act, a bill backed by the cryptocurrency industry.
64% : (The full name is the Guiding and Establishing National Innovation for U.S. Stablecoins Act.)
64% : " In an interview, Senator Kirsten Gillibrand, a New York Democrat who was a co-sponsor of the GENIUS Act, said crypto spending had no impact on the legislation.
62% : " Mr. Gallego was not a sponsor of the GENIUS Act, and has said it requires fine-tuning.
56% : In the Senate, these legislators have thrown support behind the GENIUS Act, which would pave the way for businesses to issue stablecoins, a digital currency designed to maintain a price of $1.
55% : In theory, the GENIUS Act addresses those problems by outlining rules for stablecoin issuers.
54% : A similar bill, the STABLE Act, was introduced in the House last month, prompting Democrats to raise concerns that the new rules could benefit Mr. Trump's crypto business.
48% : A group of crypto executives and political strategists formed Fairshake and two affiliated super PACs, Defend American Jobs and Protect Progress, which spent over $130 million to influence tight congressional races across the country.
41% : And in both chambers, they have voted to repeal a Biden-era rule that required crypto firms to report certain tax information to the Internal Revenue Service.

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