New Anti-Crypto PAC enters the fray as political battle intensifies over the future of digital currencies
A newly formed political action committee named the Anti-Crypto Army has entered the political fray. It aims to attract those who oppose the fledgling asset class. with the Federal Election Commission , the committee's primary goal is to support or oppose multiple federal candidates and advocate for regulatory reforms surrounding digital assets.
As the wave of anti-crypto sentiment rises, the emergence of the Anti-Crypto Army occur amid growing concerns surrounding the potential risks posed by cryptocurrencies. These apprehensions, echoing through the halls of power, are often voiced by influential figures like Senator Elizabeth Warren , casting uncertainty over the future of digital currencies.
The appearance of the Anti-Crypto Army coincides with the formation of several pro-crypto PACs over the last few years. For instance, Financial Freedom PAC, which was introduced back in August 2022, was set up with the aim of electing pro-Bitcoin candidates in the U.S.
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