Published on 2 May 2024 on Slate via Yahoo Finance
After the spectacular fall of FTX CEO Sam Bankman-Fried, you might have expected the embattled cryptocurrency sector, and its sophisticated lobbying operations, to have ground to a halt. But if anything, both are back with a vengeance—and the regulatory post-SBF crackdown that followed has spurred the sector to potentially become a major political force in 2024.
A new, unholy alliance has emerged on Capitol Hill, and it’s hoping not just to recraft governmental policy around digital funny money but to push its antiregulatory agenda across a whole host of elections. To do so, the crypto industry is teaming up with the people behind the latest megahyped, bubblicious tech trend: the artificial intelligence boom.