The New York Times on Nostr: Naked Emperors and Crypto Campaign Cash ========== Paul Krugman discusses the ...
Naked Emperors and Crypto Campaign Cash
==========
Paul Krugman discusses the significant influence of the crypto industry in campaign finance during the 2024 election cycle; cryptocurrency, introduced 15 years ago, is currently valued at around $2 trillion; crypto accounts for almost half of corporate spending on political action committees this cycle; the industry primarily targets politicians advocating for greater scrutiny, notably defeating Representative Katie Porter in the Democratic primary; Donald Trump shifted from calling Bitcoin a scam in 2021 to promoting it as a 'Bitcoin superpower' in 2024; the Biden administration has taken modest regulatory steps; Krugman argues that the crypto industry is more about perception than real value, likening it to an emperor deceived by tailors.
#Cryptocurrency #CampaignFinance #Politics #PaulKrugman #2024Election #Bitcoin #SuperPacs #Regulation #EconomicAnalysis #PoliticalInfluence
https://www.nytimes.com/2024/08/29/opinion/cryptocurrency-election.html
==========
Paul Krugman discusses the significant influence of the crypto industry in campaign finance during the 2024 election cycle; cryptocurrency, introduced 15 years ago, is currently valued at around $2 trillion; crypto accounts for almost half of corporate spending on political action committees this cycle; the industry primarily targets politicians advocating for greater scrutiny, notably defeating Representative Katie Porter in the Democratic primary; Donald Trump shifted from calling Bitcoin a scam in 2021 to promoting it as a 'Bitcoin superpower' in 2024; the Biden administration has taken modest regulatory steps; Krugman argues that the crypto industry is more about perception than real value, likening it to an emperor deceived by tailors.
#Cryptocurrency #CampaignFinance #Politics #PaulKrugman #2024Election #Bitcoin #SuperPacs #Regulation #EconomicAnalysis #PoliticalInfluence
https://www.nytimes.com/2024/08/29/opinion/cryptocurrency-election.html