Crypto Is Already The Election’s Big Winner

By Joe Light – Barron’s

Whether Donald Trump or Kamala Harris wins the White House, the crypto industry already looks like the election’s big winner.

The 2022 crypto crash has become a distant memory. Bitcoin is back to nearly its all-time high, touching $73,500, up more than 63% this year. Gone are shady exchanges like FTX. Industry lobbying and campaign contributions, meanwhile, have become a powerful force in Washington, including a $130 million blitz of spending on campaigns for Congress and the White House this election cycle.

The net result is that next year’s Congress is likely to be one of the most pro-crypto groups of lawmakers ever.