11 articles tagged with #lobbying. AI-curated summaries with sentiment analysis and key takeaways from 50+ sources.
Jesse Spiro, head of government affairs at Tether, has been appointed chair of Fellowship PAC, a crypto-aligned super PAC with over $100 million in funding, signaling intensified cryptocurrency industry efforts to influence midterm elections through political advocacy.
Alex Thorn discusses how traditional banks are building infrastructure on cryptocurrency rails while simultaneously lobbying against regulatory clarity. Institutional investment continues reshaping finance, but the Clarity Act faces significant political headwinds that could delay or derail comprehensive crypto regulation in the United States.
Forensic analysis of lobbyist Mauricio Novelli's phone reportedly revealed a draft document detailing a $5 million payment connected to President Milei's promotion of the Libra token. This discovery suggests potential financial arrangements behind political endorsements of cryptocurrency projects.
The banking industry is preparing to spend over $100 million on lobbying efforts to oppose US crypto legislation, according to Satoshi Action Fund CEO Dennis Porter. This represents a significant escalation in the battle between traditional financial institutions and the digital asset industry over regulatory frameworks.
Ripple's Chief Legal Officer Stuart Alderoty met with a Democratic Senator and expressed optimism about achieving bipartisan support for U.S. cryptocurrency regulation. This development suggests potential progress in establishing clearer regulatory frameworks for the crypto industry.
A major Tether investor has donated $16 million to a UK political party that supports pro-cryptocurrency policies. Meanwhile, the UK is finalizing its comprehensive crypto regulations, with companies like Coinbase advocating against restrictive stablecoin rules.
Banking associations are lobbying for Section 404 of the CLARITY Act to prevent crypto exchanges from offering yield-generating stablecoin rewards programs after the GENIUS Act banned direct stablecoin interest. Banks argue systemic stability concerns, similar to their failed 1970s opposition to money market funds, while protecting their $490 billion annual spread on depositor funds.
The American Bankers Association held a summit in Washington with 1,400 finance leaders where members characterized stablecoins as an existential threat to traditional banking business models. This reflects growing tensions between traditional financial institutions and the cryptocurrency sector ahead of US midterm elections.
Eric Trump criticized banks for lobbying against stablecoins, calling their actions 'straight up anti-American.' White House advisor Patrick Witt also pushed back against JPMorgan CEO Jamie Dimon's previous comments opposing stablecoins.
Crypto industry Super PACs are preparing to spend millions in the 2026 US midterm elections, building on their success in backing winning candidates during the 2024 election cycle. Three US states are beginning their party primary processes, setting the stage for significant crypto industry political involvement.
Hyper Foundation has allocated 1 million HYPE tokens to establish the Hyperliquid Policy Center, a new Washington D.C. lobbying effort led by Jake Chervinsky. The initiative aims to advocate for clearer DeFi regulations and gives the perpetual derivatives exchange a formal policy presence in the U.S. capital.
