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Mysterious crypto 'dark money' group ramps up lobbying efforts ahead of 2024 election - TL;DR CNBC

Mysterious crypto 'dark money' group ramps up lobbying efforts ahead of 2024 election

Publishing timestamp: 2024-01-09 10:47:22


Summary

The Cedar Innovation Foundation, a mysterious nonprofit group backed by the crypto industry, has set up a mailing address near Washington, D.C. The group is launching advertisements against powerful lawmakers, hiring strategists to lobby on its behalf, and is heavily funded by the crypto industry. The article discusses the broader effort by the crypto industry to influence Congress and predicts increased spending in 2024. It also mentions the hiring of lobbying firms and the targeting of lawmakers critical of crypto.


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Keywords: coinbase global incbreaking news: technologybreaking news: politicspoliticswashingtonelectionstechnologygoldman sachs group incwashington d.c.business newswashington dcgovernment and politicsbarclays plcamazon.com incmeta platforms incgary gensler

Source: https://www.cnbc.com/2024/01/08/crypto-dark-money-lobbies-as-industry-aims-to-influence-2024.html


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