Cryptocurrencypolitics News

"2024 Election: Mysterious Crypto Group's Lobbying Surge"

A new mysterious nonprofit group called the Cedar Innovation Foundation, backed by the crypto industry, has set up a mailing address near Washington, D.C., and is ramping up lobbying efforts ahead of the 2024 elections. The group, heavily funded by crypto industry players, has launched advertisements against lawmakers critical of crypto and quietly hired strategists to fight on its behalf. With the crypto industry aiming to influence Congress and spending millions on lobbying, the foundation's efforts have drawn criticism from opponents who view it as a "dark money" campaign.