"I'm looking for the people who don't normally go to political rallies. "It creates a cycle where well known, connected VCs and institutional investors add to the support of the industry, which to me serves as a counter balance to some of the critics, maybe even some in high positions," Ryan told Yahoo Finance in a recent interview. Those include some of the word's top hedge funds and venture capitalist firms, according to JMP Securities Director of Research, Devin Ryan. Indeed, the cryptocurrency industry has been ratcheting up its lobbying efforts in recent months, a partial reflection of the vast fortunes being created by market players. "We definitely don't like to see regulation squashing innovation." to make relations more friendly for retail investors," Bray told Yahoo Finance. "Hopefully, we can get more crypto-representatives in Washington, D.C. Like other cryptocurrency investors, advocates and those working within the sector, Bray is concerned about crypto provisions in the Infrastructure Bill, as well as the broader patchwork of cryptocurrency regulation by U.S. Morgan Harper, an Ohio attorney running as a Democrat recently stated that Bitcoin and crypto might provide a powerful business model for more evenly "distributing economic power."Īnd Josh Mandel, a former Ohio state Treasurer and Republican candidate issued a call on Twitter for voters to start "standing up for crypto." Meanwhile, Matthew Diemer, an Ohio Democrat running for the state's 16th district, hosts the Decrypt Daily podcast. In Ohio, Senate candidates on both sides of the aisle have signaled friendliness toward digital coins. ![]() Just days ago, New York City Mayor-elect Eric Adams agreed to take his first three pay checks in bitcoin in a bid to promote the industry in the Big Apple, and challenge Miami's growing clout in the sector. In the last year, a new genre of political candidates with a crypto focus have sprung up across the country. ![]() (Photo by DAX Images/NurPhoto via Getty Images) In this photo illustration a Shiba Inu Coin logo seen displayed on a smartphone with a computer chips in the background.
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