The crypto industry is making its mark on this year’s elections to the tune of some $119 million.

The funding has largely come from two companies — Coinbase and Ripple — which are funneling money into super PACs like Fairshake PAC, which is dedicated to “elevating pro-crypto candidates and attacking crypto skeptics,” according to Public Citizen.

At the 2024 bitcoin conference in Nashville in February, Trump — who called bitcoin “highly volatile and based on thin air” in 2019 — said he’d lay out a plan “to ensure that the United States will be the crypto capital of the planet and the bitcoin superpower of the world.” Trump has already won the backing of several crypto enthusiasts, including his running mate JD Vance, who owns at least $250,000 in bitcoin.

  • @Allero
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    -223 days ago

    Define enabling crime.

    Is payment for private VPN enabling crime? Is sending money to and from relatives in sanctioned jurisdictions enabling crime? Is supporting opposition leaders enabling crime?

    • @Voroxpete@sh.itjust.works
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      22 days ago

      “Is sending money to and from relatives in sanctioned jurisdictions enabling crime?”

      Yes. Literally yes. What the fuck do you think a sanctioned jurisdiction is?

      • @Allero
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        -222 days ago

        Well then I’ll be a criminal for caring about my close ones.

          • @Allero
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            22 days ago

            Fair enough, I digressed.

            Though between our countries, no law prohibits me to send crypto to each other, so here it is not criminal activity. Operating such transactions in fiat is what falls under scrutiny.

      • @Allero
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        -323 days ago

        Most crypto is not associated with criminal activity.