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Coinbase's big election bet is about to be tested - TL;DR CNBC

Coinbase's big election bet is about to be tested

Publishing timestamp: 2024-11-05 14:00:28


Summary

Coinbase has become a major donor in the political landscape, supporting candidates that align with its pro-crypto agenda. The company is heavily involved in Washington, D.C., and is focused on building relationships with lawmakers to create favorable regulations for the crypto industry. Other crypto firms, such as Ripple Labs, are also heavily involved in political donations. The article highlights the growing influence of the crypto industry in politics and the efforts of companies like Coinbase to shape legislation in their favor.


Sentiment: MIXED

Tickers: COIN

Keywords: fintechbrian armstrongelectionscryptocurrencybreaking news: politicspoliticskamala harrisgovernment and politicsenergywashingtonbitcointechnologycoinbase global incbusiness newsdonald j. trump

Source: https://www.cnbc.com/2024/11/05/coinbases-big-election-bet-is-about-to-be-tested.html


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