Crypto Advocate Bernie
Moreno Joins Senate, Replacing
Sherrod Brown
Bernie Moreno, a Republican businessman and cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта advocate, has been
elected as the new Senator from Ohio, dethroning Sherrod Brown.
Moreno is known for his pro-crypto stance, which contrasts sharply with
Brown s critical views on digital assets.
Pro-Crypto PACs Donated Over $40 Million to Bernie Moreno s Campaign
Moreno s campaign received substantial support from the crypto industry
, with pro-crypto political action committees (PACs) investing heavily in his
bid to unseat Brown. Notably, the Fairshake super PAC, funded by leading
crypto companies , contributed approximately $41 million to Moreno s
campaign.
As a member of the Senate Banking Committee, Moreno will have a direct role in
shaping legislation related to US economic policies . These policies will
likely include those concerning the crypto market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта structure, stablecoins, and
the potential establishment of a national Bitcoin reserve .
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Furthermore, Bernie Moreno has made his sentiment on digital assets very
clear, gaining a laudable amount of support in the community.
Glad to see big time loser Sherrod Brown and his boss, Elizabeth
Warren, failed spectacularly (again) in their pathetic, last minute, bid to
stack the SEC with anti-crypto radicals, he tweeted in December.
His position provides an opportunity to advocate for clearer regulation that
could drive innovation and growth within the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта sector.
Also, Moreno s election is part of a broader ongoing trend of pro-crypto
candidates securing positions in Congress. In the recent elections, the crypto
industry invested over $119 million in supporting such candidates, resulting
in several electoral victories.
Meanwhile, Coinbase CEO Brian Armstrong referred to the newly elected Congress
as the most pro-crypto Congress ever. This signals the
industry s anticipation of a more supportive regulatory environment.
Moreno, a blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн entrepreneur, promises to “lead the fight to defend
crypto in the U.S. Senate,” and he’s not playing small—$12M helped him unseat
crypto-skeptic Sherrod Brown. Brace yourselves; crypto-friendly voices are
taking the stage, and this could be a game-changer for crypto legislation in
2024, Mario Nawfal wrote on X (formerly Twitter).
However, there are still challenges despite a potential regulatory shift. The
industry continues to face scrutiny from regulatory bodies, and the path to
comprehensive legislation is complex.
Surely, Moreno s role on the Senate Banking Committee will be crucial in
tackling these challenges. If he succeeds, he will advance policies that
balance innovation with consumer protection.
One thing is for sure, his pro-crypto stance and the substantial support from
the industry lay strong foundations for potential changes in legislation.
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