Close Menu
  • Latest News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Meme Coins
  • DeFi
  • Tech
    • Blockchain
    • Security and Privacy
  • Web 3
    • Web3 News
    • Gaming
  • Legal
    • Taxes & Regulation
    • Adoption
  • Analysis
  • Learn
    • Education
    • Wallets and Exchanges
  • Tools
    • Market Overview
    • Converter
What's Hot

Pump.fun acquires Solana wallet tracker Kolscan to “gamify” trading ahead of ICO

July 14, 2025

Binance’s Grip Tightens: 2025 Mid-Year Data Shows Exchange Titan Pulling Ahead: CryptoQuant

July 14, 2025

Ethereum to $4K? – THESE ETH metrics hold the answer!

July 14, 2025
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Disclosure
Facebook X (Twitter) Instagram
Buy Crypto NewsBuy Crypto News
  • Latest News
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. Meme Coins
    5. View All

    ICP Up 4% Ahead of Caffeine Launch, the AI Platform Behind the ‘Self-Writing Internet’

    July 14, 2025

    Bitcoin Breaks Records With 100% Profitable Days And Unmatched Returns

    July 13, 2025

    Here is How to Prepare for Imminent Crypto Summer

    July 13, 2025

    ‘This Could Very Well Be the Ultimate Bull Trap’ – Trader Issues Urgent Crypto Warning As Bitcoin Blasts Past $118,000

    July 13, 2025

    Ethereum to $4K? – THESE ETH metrics hold the answer!

    July 14, 2025

    $907 mln inflows for Ethereum ETF: What about ETH’s price?

    July 13, 2025

    3 reasons why Ethereum’s ATH is closer than you think

    July 13, 2025

    Crypto Founder Pushes Ethereum As ‘World Reserve Asset’

    July 13, 2025

    Cardano’s $1.22 target: Why traders should be aware of THIS ADA setup

    July 14, 2025

    Solana (SOL) Set For Price Run To $2,700 — But This Condition Must Hold

    July 13, 2025

    Sonic jumps 11% after long slump: Price can reach $0.40 IF…

    July 13, 2025

    Wall Street Quietly Buying Up XRP Ahead Of Predicted ETF Approval Explosion

    July 13, 2025

    Pepe, BMT, CAKE: Crypto Activity Heats Up

    March 18, 2025

    SHIB Burns Over Half a Billion Tokens, Price Surges Over 7%

    March 17, 2025

    DOGE Sees Massive User Growth: Active Addresses Up 400%

    March 15, 2025

    Shiba Inu (SHIB) Price Analysis: Bullish Hints, Bearish Trend

    March 15, 2025

    Pump.fun acquires Solana wallet tracker Kolscan to “gamify” trading ahead of ICO

    July 14, 2025

    Binance’s Grip Tightens: 2025 Mid-Year Data Shows Exchange Titan Pulling Ahead: CryptoQuant

    July 14, 2025

    Ethereum to $4K? – THESE ETH metrics hold the answer!

    July 14, 2025

    ICP Up 4% Ahead of Caffeine Launch, the AI Platform Behind the ‘Self-Writing Internet’

    July 14, 2025
  • DeFi

    Pump.fun acquires Solana wallet tracker Kolscan to “gamify” trading ahead of ICO

    July 14, 2025

    HBAR price targets 45% surge as key Hedera metrics surge

    July 13, 2025

    Here’s why Hyperlane price has surged over 100% today

    July 13, 2025

    Darktrace warns of social engineering scams deploying crypto-stealing malware

    July 13, 2025

    BNB edges toward key resistance as 1.59 token burn fuel bullish momentum

    July 13, 2025
  • Tech
    1. Blockchain
    2. Security and Privacy
    3. View All

    Binance’s Grip Tightens: 2025 Mid-Year Data Shows Exchange Titan Pulling Ahead: CryptoQuant

    July 14, 2025

    Preparing to Take a $75 Million Step

    July 14, 2025

    Crypto Q2 Returns Beat Stocks by 3x – Why Smart Money Says the Bull Run Has Already Begun

    July 13, 2025

    Securities On-Chain? There’s Only One True Way, Says BlackRock-Backed Firm’s CEO

    July 13, 2025

    Chinese industry group warns Web3 and DeFi high-return deals hide classic Ponzi engines

    July 11, 2025

    Scam targets dormant Bitcoin wallets with fake legal notice

    July 9, 2025

    North Korean Hackers Target Crypto Firms with Novel macOS Malware

    July 3, 2025

    Crypto firms paid $2.7M monthly to North Korean workers

    July 3, 2025

    Pump.fun acquires Solana wallet tracker Kolscan to “gamify” trading ahead of ICO

    July 14, 2025

    Binance’s Grip Tightens: 2025 Mid-Year Data Shows Exchange Titan Pulling Ahead: CryptoQuant

    July 14, 2025

    Ethereum to $4K? – THESE ETH metrics hold the answer!

    July 14, 2025

    ICP Up 4% Ahead of Caffeine Launch, the AI Platform Behind the ‘Self-Writing Internet’

    July 14, 2025
  • Web 3
    1. Web3 News
    2. Gaming
    3. View All

    Glass ceiling cracks as women rise in Web3

    July 14, 2025

    Autonomy for Everyone. Power to .Anyone.

    July 13, 2025

    Binance users turn to CryptoMiningFirm in 2025: New strategy to easily earn BTC, XRP, DOGE, LTC coins

    July 13, 2025

    The AI Boom Is Real. Your Shot To Own the Name Coming July 16th.

    July 13, 2025

    Qitmeer Network Forges Partnership with Onmi to Bolster Web3 GameFi Space

    July 13, 2025

    Why Are So Many Crypto Games Shutting Down? Experts Weigh In

    July 13, 2025

    The Real Lifestyle and WILDGO Partner to Transform Tokenized Real Estate

    July 12, 2025

    Blazpay and Onmi AR Unite to Elevate Web3 Gaming Experience

    July 11, 2025

    Pump.fun acquires Solana wallet tracker Kolscan to “gamify” trading ahead of ICO

    July 14, 2025

    Binance’s Grip Tightens: 2025 Mid-Year Data Shows Exchange Titan Pulling Ahead: CryptoQuant

    July 14, 2025

    Ethereum to $4K? – THESE ETH metrics hold the answer!

    July 14, 2025

    ICP Up 4% Ahead of Caffeine Launch, the AI Platform Behind the ‘Self-Writing Internet’

    July 14, 2025
  • Legal
    1. Taxes & Regulation
    2. Adoption
    3. View All

    Urgent appeal to help defend Tornado Cash’s Roman Storm and the right to financial privacy

    July 14, 2025

    Malta’s MFSA Partially Meets Expectations in MiCA Authorization Process for OKX and Other CASPs

    July 14, 2025

    Video Game Performers Secure AI Consent Rules in New SAG-AFTRA Deal

    July 13, 2025

    US Senate Crypto Hearing Derailed by Bizarre Outburst

    July 13, 2025

    Bitcoin gains ground in gold vs. crypto debate

    July 13, 2025

    Fortune Magazine owner to lead Thai firm’s pivot into Bitcoin and DeFi banking

    July 12, 2025

    Bitcoin treasury adoption up 3x YoY, corporates accumulated 725,000 BTC so far

    July 11, 2025

    Circle’s USDC aims for China breakthrough with Ant Group alliance

    July 10, 2025

    Pump.fun acquires Solana wallet tracker Kolscan to “gamify” trading ahead of ICO

    July 14, 2025

    Binance’s Grip Tightens: 2025 Mid-Year Data Shows Exchange Titan Pulling Ahead: CryptoQuant

    July 14, 2025

    Ethereum to $4K? – THESE ETH metrics hold the answer!

    July 14, 2025

    ICP Up 4% Ahead of Caffeine Launch, the AI Platform Behind the ‘Self-Writing Internet’

    July 14, 2025
  • Analysis

    XRP Price Prediction For July 13

    July 13, 2025

    Bitwise CIO Says ‘Unrelenting Demand’ for Bitcoin Could Boost BTC Closer to $200,000 by End of 2025

    July 13, 2025

    Bank of America Unveils S&P 500 Targets As Wealth Advisory Firm Says Investors Pricing In Goldilocks Scenario for Stock Market: Report

    July 13, 2025

    Florida Attorney General Probing Retail Trading Giant Robinhood for Allegedly Claiming To Be the Least Expensive Crypto Platform

    July 12, 2025

    AltSeason Incoming? Open Interest in These Altcoins Nears $1B Milestone—What’s Next?

    July 12, 2025
  • Learn
    1. Education
    2. Wallets and Exchanges
    3. View All

    What Is Tokenization?

    July 11, 2025

    What Are Internet Capital Markets? Why Companies Are Launching Meme Coins

    June 16, 2025

    What is a Corporate Bitcoin Treasury? The Strategy Behind Companies Holding Crypto

    May 27, 2025

    What Are Tokenized Real-World Assets? Putting Physical Value On-Chain With RWAs

    May 19, 2025

    Bitget Wallet launches new Pump.fun integrated mobile app for meme coin trading

    July 13, 2025

    Binance allegedly wrote the code for WLFI’s stablecoin USD1

    July 12, 2025

    Trump crypto holdings edge higher as WLFI pushes for open trading

    July 12, 2025

    Coinbase partners with Perplexity for real-time crypto insights via AI

    July 11, 2025

    Pump.fun acquires Solana wallet tracker Kolscan to “gamify” trading ahead of ICO

    July 14, 2025

    Binance’s Grip Tightens: 2025 Mid-Year Data Shows Exchange Titan Pulling Ahead: CryptoQuant

    July 14, 2025

    Ethereum to $4K? – THESE ETH metrics hold the answer!

    July 14, 2025

    ICP Up 4% Ahead of Caffeine Launch, the AI Platform Behind the ‘Self-Writing Internet’

    July 14, 2025
  • Tools
    • Market Overview
    • Converter
Buy Crypto NewsBuy Crypto News
Home»Taxes & Regulation»Why Some US Crypto Companies are Favoring Democrats
Taxes & Regulation

Why Some US Crypto Companies are Favoring Democrats

June 20, 2025No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

As the Republican Party leads the charge for crypto adoption in the US under President Trump, many firms are actively seeking support from Democrats to ensure long-term stability in the industry.

Both the crypto industry and the Democratic Party have their own motivations for collaborating, but progressive opposition to Trump’s involvement in the sector may present challenges to this bipartisan approach.

The Importance of Bipartisan Backing

The landscape of crypto regulation in the US is evolving rapidly, with President Trump championing the cause. While Kamala Harris showed some support for the industry before the 2024 election, Trump emerged as the clear favorite among crypto enthusiasts.

Despite this, reports suggest that the crypto industry is actively cultivating relationships with Democrats.

For instance, Coinbase recently appointed David Plouffe, an Obama aide and Senior Advisor to Kamala Harris, to its global advisory council, despite the company’s previous backing of Trump. This move sparked controversy within both the crypto community and political circles.

Similarly, Ripple, a supporter of Trump’s agenda, hired Lilette Advisors, a lobbying firm founded by former staffers of President Biden. This strategic decision raises questions about the industry’s shifting allegiances.

From the perspective of the crypto industry, aligning with Democrats serves as a safeguard against potential backlash if Trump’s pro-crypto stance loses favor with the public. This calculated move aims to secure long-term growth and stability for the industry.

“In the foreseeable future, Democrats are likely to regain power in key political offices. By avoiding explicit partisanship, the crypto industry can mitigate risks associated with changing political landscapes,” explained Austin Campbell, a professor at New York University’s Stern School of Business and head of WSPN USA, a stablecoin company.

On the other hand, why are Democrats embracing the crypto industry?

See also  US lawmakers raise concerns about the national security risks of Elon Musk’s D.O.G.E

The recent struggle to pass stablecoin regulation sheds light on the Democrats’ growing acceptance of crypto technologies.

Following the failure of the GENIUS Act in a crucial vote, several pro-crypto Democrats worked towards building bipartisan support, a move that ultimately paid off.

However, the party still faces challenges from progressive members who criticize the industry vehemently. This internal dissent poses hurdles and liabilities, as evidenced by the GENIUS Act deliberations.

Despite Senator Kirsten Gillibrand’s advocacy for crypto, her support for the GENIUS Act was overshadowed by concerns over Trump’s ties to the industry.

Looking ahead, crypto companies are relying on substantial political contributions to sway Democratic support, particularly in the upcoming 2026 midterms.

While the industry historically favored Republicans in terms of funding, pro-crypto Democrats secured key positions in recent elections. A leaked Signal chat revealed that Democratic insiders and strategists are eager to align with the industry to secure future financial support:

“If Democrats withdraw support for this [the GENIUS Act], they risk losing significant financial backing in the future. It would be detrimental to their political standing not to support it,” cautioned Avichal Garg, a managing partner at Electric Capital, a VC firm. Reports from The Lever indicate that influential strategists share this sentiment.

Ultimately, there is a mutual benefit for both Democrats and the crypto industry in forming alliances. While the industry seeks stability amid political transitions, the party aims to maximize revenue streams for electoral success.

Although challenges may arise within the coalition, the shared objectives of both parties underscore the importance of their collaboration.

See also  Helium fights back against SEC allegations over unregistered securities

Companies Crypto Democrats favoring
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Urgent appeal to help defend Tornado Cash’s Roman Storm and the right to financial privacy

July 14, 2025

Malta’s MFSA Partially Meets Expectations in MiCA Authorization Process for OKX and Other CASPs

July 14, 2025

Crypto Q2 Returns Beat Stocks by 3x – Why Smart Money Says the Bull Run Has Already Begun

July 13, 2025

Video Game Performers Secure AI Consent Rules in New SAG-AFTRA Deal

July 13, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Ethereum: Here’s why ETH could be set for a bullish move soon

June 18, 2025

‘Bitcoin Jesus’ Roger Ver pays Trump insider Roger Stone $600K to lobby for him

April 27, 2025

Cryptocurrency clarified to be personal property in China, remains barred for businesses

November 24, 2024
Price Chart


Explore insights on crypto, blockchain, taxes, and security. Stay informed with expert guides, tips, and the latest trends to navigate the digital asset world confidently


We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Pump.fun acquires Solana wallet tracker Kolscan to “gamify” trading ahead of ICO

July 14, 2025

Binance’s Grip Tightens: 2025 Mid-Year Data Shows Exchange Titan Pulling Ahead: CryptoQuant

July 14, 2025

Ethereum to $4K? – THESE ETH metrics hold the answer!

July 14, 2025
Get Informed

Subscribe to Updates

Get the latest creative news From BuyCryptoNews directly in your Inbox!

  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Disclosure
© 2025 BuyCryptoNews - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.