<\/p>\n
Crypto lobbyists are reportedly battling for the state of Ohio as major super PACS attempt to establish influence over Congress ahead of the election.<\/p>\n
A network of crypto super PACS have spent $38 million in Ohio trying to get Republican Bernie Moren a seat in the U.S. Senate, Washington Post reports<\/a>.<\/p>\n Moren is competing against Sherrod Brown, who is designated<\/a> as \u201cstrongly anti-crypto\u201d by the Coinbase-backed advocacy group Stand With Crypto. Brown voted against the reversing of SAB 121<\/a>, and has claimed<\/a> that Hamas is being fueled by cryptocurrency.<\/p>\n Speaking to crypto supporters in Austin, Moreno said,<\/p>\n \u201cToday, in the United States Senate, you don\u2019t have people who know how to use email and we\u2019re asking them to regulate digital currencies\u2026 <\/em><\/p>\n You need to have people who have a basic understanding, otherwise they\u2019re driven by special interest groups that will tell them, \u2018I need you to vote this way or that way.\u2019\u201d<\/em><\/p>\n A spokeswoman for Moren said that he has a \u201cdeep understanding\u201d of crypto technology, unlike Sherrod Brown, who she says \u201cdoesn\u2019t know the difference between blockchain and a chain saw.\u201d<\/p>\n Rolling Stone recently reported<\/a> crypto political groups are planning<\/a> on spending $32 million between August 22nd and the end of September to boost Moren\u2019s campaign.<\/p>\n Money is flowing into the race from a group called Defend American Jobs, a group Rolling Stone reports is \u201ceffectively a subsidiary\u201d of Fairshake, a crypto-focused political action committee (PAC) funded by Coinbase, Ripple and Andreessen Horowitz.<\/p>\n Brown has also\u00a0made<\/a>\u00a0a slew of public comments critical of the digital asset sector. In late 2022, the senator said the crypto market was a \u201ccomplicated, unregulated pot of money.\u201d<\/p>\n \u201cI\u2019ve spent much of the last eight years and a half in this job as chair of the Banking, Housing, and Urban Affairs Committee, educating my colleagues and trying to educate the public about crypto and the dangers that it presents to our security as a nation and the consumers that get hoodwinked by them.\u201d<\/em><\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>  <\/p>\n Featured Image: Pixabay\/AJEL<\/span><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Crypto lobbyists are reportedly battling for the state of Ohio as major super PACS attempt to establish influence over Congress ahead of the election. A network of crypto super PACS have spent $38 million in Ohio trying to get Republican Bernie Moren a seat in the U.S. Senate, Washington Post reports. Moren is competing against […]<\/p>\n","protected":false},"author":2,"featured_media":355422,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-355420","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/355420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=355420"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/355420\/revisions"}],"predecessor-version":[{"id":355424,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/355420\/revisions\/355424"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/355422"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=355420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=355420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=355420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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