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SouthBayDem

(32,475 posts)
Sun Dec 15, 2024, 11:00 PM Dec 15

Big crypto spent big money to reshape the political landscape - 60 Minutes



Rarely in American politics has a new industry spent so much money, with such apparent impact, as the cryptocurrency business did in the last election. "Cryptocurrencies" like Bitcoin, are digital assets, created and maintained by networks of computers. Mystifying to some and mesmerizing to others, they're used for transactions and as high-risk investments with potentially high rewards. At least 17 million Americans own crypto, and how the industry should be regulated in the U.S. has been the subject of much dispute. With an important piece of legislation now before Congress, perhaps it's no surprise that big crypto companies were among the top donors in this past election. And since the election, the price of Bitcoin has hit record highs. It isn't clear whether the crypto industry will get Congress or the incoming Trump administration to craft the regulation or the legitimacy that they seek. But they've been investing a whole lot of their own cash to get something.


Full transcript of the segment from Dec. 8.
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Big crypto spent big money to reshape the political landscape - 60 Minutes (Original Post) SouthBayDem Dec 15 OP
The fix was in from the start Blue_Tires Dec 15 #1
Yup! Botany Dec 16 #2
The billionaires saw the election as the ultimate scam. Irish_Dem Dec 16 #3

Botany

(72,659 posts)
2. Yup!
Mon Dec 16, 2024, 06:21 AM
Dec 16

Crypto the ultimate scam you give them your real money and they give you a worthless
parking spot on some computer network someplace. Trump’s kind of grift.

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