How the crypto industry is spending hundreds of millions of dollars to buy political influence
Judd Legum writes: 15 years after Bitcoin was created, there are still few legitimate use cases. Today, Bitcoin and other cryptocurrencies are primarily used for financial speculation and to facilitate organized crime. The broader crypto industry, meanwhile, has been rocked by scandals, including the spectacular implosion of FTX and criminal charges against Binance. But crypto lobbyists still have one ace up their sleeves: lots of money. The industry’s primary Super PAC, Fairshake, has raised over $202 million in the 2024…