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Better Know a Crypto Candidate: Jerrod Sessler

Coin Telegraph
Better Know a Crypto Candidate: Jerrod Sessler
2024 Presidential elections

As part of its coverage of the 2024 US Elections, Cointelegraph asked several congressional candidates for their positions on crypto.

Jerrod Sessler is running for Washington’s 4th Congressional District in the United States House of Representatives as a Republican against incumbent Dan Newhouse, who is also a Republican who has held the chair since 2015.

The GOP newcomer is an entrepreneur and the founder of the HomeTask maintenance service. Sessler also served in the US Navy and was previously a NASCAR driver. According to a video statement from Sessler, he strongly opposes the centralization of digital assets:

The Congressional candidate continued, “Those that seek to destroy American Liberty, also seek to centralize crypto. As Congressman, I will fully and completely oppose the centralization of crypto in America.”

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Solana ETF Momentum Grows Amid Reports of SEC Engagement

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Indicted NYC mayor leaves questionable crypto legacy as controversy mounts

Coin Telegraph
Indicted NYC mayor leaves questionable crypto legacy as controversy mounts
Bitcoin

Before his indictment on criminal charges, NYC Mayor Eric Adams promised to turn the city into a major crypto hub.

Three years before cryptocurrency became a talking point in the United States presidential election for the first time, a different crypto-focused race was brewing in New York City to determine who would replace outgoing Mayor Bill DeBlasio.

Democrat Eric Adams was squaring off against Republican Curtis Sliwa, and both were campaigning on the promise of being pro-crypto mayors. Adams had recently defeated Andrew Yang, another crypto proponent, in the Democratic Party primary. 

On the campaign trail, Adams promised to make NYC the “center of Bitcoins.” He was elected mayor in November 2021, after which he continued to pledge the city would become “the center of the cryptocurrency industry” and argued cryptocurrency should be taught in schools.

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Solana ETF Momentum Grows Amid Reports of SEC Engagement

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Crypto events turn to regulation and politics as US election looms

Coin Telegraph
Crypto events turn to regulation and politics as US election looms
Coin Telegraph

Some executives at crypto and blockchain firms have suggested prioritizing US congressional races over the presidential election.

With less than a month until the people of the United States decide who will represent them in the House of Representatives, Senate, and the Presidency, some crypto events seem to be focused on regulation and politics. 

Attending the Permissionless III conference in Salt Lake City, Utah, and Ripple Swell in Miami, Florida, in October, Cointelegraph noted that many panels included takes from high-level executives on their predictions for what would happen in the November race between Democrat Kamala Harris and Republican Donald Trump for the US presidency, and what the outcome could mean for the industry in 2025.

Whether the topics of discussion initially focused on regulation or included stablecoins or Bitcoin (BTC) mining, many participants suggested that digital assets had become more of a mainstream issue in US politics in 2024 in a way never before seen. 

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Solana ETF Momentum Grows Amid Reports of SEC Engagement

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Crypto Super PACs spend $1.3M on candidates as early voting continues

Coin Telegraph
Crypto Super PACs spend .3M on candidates as early voting continues
Coin Telegraph

The Fairshake and Defend American Jobs PACs reported media buys for GOP and Democratic candidates in the House of Representatives ahead of the elections.

With many areas of the United States already allowing residents to cast their ballots in the 2024 election, cryptocurrency-backed political action committees (PACs) have reported roughly $1.3 million worth of expenditures to support the campaigns of Democratic and Republican candidates for the House of Representatives.

In an Oct. 17 filing with the Federal Election Commission (FEC), the Fairshake PAC reported spending more than $900,000 in a media buy supporting Democratic Representative Thomas Suozzi for New York’s 3rd Congressional District. The same PAC disclosed it had spent more than $60,000 on a media buy for Democratic Representative Yadira Caraveo for Colorado’s 8th Congressional District.

Source: FEC

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Solana ETF Momentum Grows Amid Reports of SEC Engagement

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Sen. Warren calls out Deaton’s ‘pro-bono work for crypto’ in 2nd debate

Coin Telegraph
Sen. Warren calls out Deaton’s ‘pro-bono work for crypto’ in 2nd debate
Coin Telegraph

The Oct. 17 debate was likely the final time the two Senate candidates faced off before the November election.

Massachusetts Senator Elizabeth Warren faced off against lawyer John Deaton in their second and final debate to discuss policies before the November election. The Senator attacked Deaton for his ties to the cryptocurrency industry in an apparent effort to appeal to voters.

In a debate streamed by New England Public Media and GBH News on Oct. 17, Senator Warren reiterated her earlier claims that cryptocurrency transactions were tied to “drug cartels” and “terrorists,” calling for rules of the road for the industry. The two candidates made different allegations over corruption, with Senator Warren calling out Deaton over his loyalty to crypto backers.

“80% of Mr. Deaton’s wealth is tied up in crypto, 90% of his funding from this campaign is coming from crypto, and 100% of his loyalty in Washington will be to crypto: that is corruption,” said Senator Warren.

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Solana ETF Momentum Grows Amid Reports of SEC Engagement

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Better Know a Crypto Candidate: Kari Lake

Coin Telegraph
Better Know a Crypto Candidate: Kari Lake
Arizona

As part of its coverage of the 2024 US Elections, Cointelegraph asked several congressional candidates for their positions on cryptocurrency and blockchain.

Kari Lake is running to represent the state of Arizona in the United States Senate. A far-right Republican who refused to concede her loss in the state’s 2022 gubernatorial election, Lake will face off against Democrat Ruben Gallego in November.

In August, Lake updated her campaign platform to include “building a robust but open framework to protect the cryptocurrency economy.”

She claimed to be a “pro-crypto candidate” on X, supporting some of Republican presidential candidate Donald Trump’s statements advocating for Bitcoin (BTC) “as a last line of defense against our foreign adversaries.”

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Solana ETF Momentum Grows Amid Reports of SEC Engagement

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Musk: Polymarket ‘more accurate than polls, as actual money is on the line’

Coin Telegraph
Musk: Polymarket ‘more accurate than polls, as actual money is on the line’
Blockchain

The billionaire mogul’s opinion comes as he ramps up his support for Republican candidate and former US president Donald Trump.

Technology luminary Elon Musk recently sparked a wave of interest in the decentralized predictions market Polymarket after the billionaire said the site could more accurately predict the results of the 2024 United States presidential election than traditional polling.

Musk’s comments came on the X social media platform, which he currently owns. Over the past few months, the billionaire has increasingly thrown his support behind US presidential candidate and former president Donald Trump.

Recently, in a speech given during a campaign event in Butler, Pennsylvania, Musk gave a speech supporting Trump.

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Solana ETF Momentum Grows Amid Reports of SEC Engagement

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Trump crypto venture WLFI a ‘potential pump-and-dump disaster’ 

Coin Telegraph
Trump crypto venture WLFI a ‘potential pump-and-dump disaster’ 
Bitcoin

The launch of the Trump family crypto venture, World Liberty Financial, during a US election campaign carries risks, possibly hurting both his campaign and the crypto industry’s image.

Former United States President Donald Trump could be playing a risky game by backing a new decentralized finance (DeFi) project.

Trump has put his personal brand on a number of eccentric products, from gold sneakers to Bibles, silver coins and most recently watches.

The former president and business mogul is reportedly busy launching the DeFi protocol World Liberty Financial (WLFI) and its token.

Still, this foray has been met with skepticism and doubt from within the crypto industry as it could harm Trump’s candidacy as well as the crypto industry's already less-than-stellar reputation.

The fact that a presidential candidate is diving into the DeFi sector does not impress Mark Cuban, an American businessman and open supporter of Vice President Kamala Harris’ candidacy.

Cuban told Cointelegraph that despite being a fan of DeFi, he doesn’t find anything “innovative or valuable about adding another DeFi offering” to the sector. The famous investor says this is just one more of Trump’s marketing schemes:

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Solana ETF Momentum Grows Amid Reports of SEC Engagement

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Watchdog: Visa–Mastercard ‘duopoly’ spends millions blocking competition

Coin Telegraph
Watchdog: Visa–Mastercard ‘duopoly’ spends millions blocking competition
Coin Telegraph

According to a report, the two companies spent a combined $80 million lobbying against credit card competition acts. 

Consumer watchdog organization Accountable.US recently published a report accusing finance giants Visa and Mastercard of operating as a duopoly to prevent competition in the debit and credit card payments sector.

According to the report, which has been viewed by Cointelegraph, the two companies have spent more than $80 million lobbying against legislation that would allow competitors access to the payments sector. 

Because Visa and Mastercard account for the majority of credit and debit card transactions in the United States, Accountable.US alleges that they’re responsible for the “sky-high” swipe fees faced by both consumers and businesses. 

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Solana ETF Momentum Grows Amid Reports of SEC Engagement

Solana ETF Momentum Grows Amid Reports of SEC Engagement

BItMEX Founder Arthur Hayes Says Next Presidential Administration Irrelevant for Crypto – Here’s Why

The Daily Hodl
BItMEX Founder Arthur Hayes Says Next Presidential Administration Irrelevant for Crypto – Here’s Why
Arthur Hayes
BItMEX Founder Arthur Hayes Says Next Presidential Administration Irrelevant for Crypto – Here’s Why

BitMEX founder Arthur Hayes says it doesn’t matter to the crypto industry who wins the upcoming presidential election. Speaking at the Token 2049 event in Singapore, the Maelstrom CIO says that he doesn’t believe Republican presidential candidate Donald Trump is being genuine when espousing pro-crypto stances. “I don’t understand why crypto bros and gals are […]

The post BItMEX Founder Arthur Hayes Says Next Presidential Administration Irrelevant for Crypto – Here’s Why appeared first on The Daily Hodl.

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Solana ETF Momentum Grows Amid Reports of SEC Engagement

Solana ETF Momentum Grows Amid Reports of SEC Engagement

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