Cleo Fields Voted to Deregulate Crypto While Investing in Related Tech Companies
The Louisiana Democrat bought stock this summer in a major Ethereum treasury company as well as tech firms venturing into stablecoins.
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The Louisiana Democrat bought stock this summer in a major Ethereum treasury company as well as tech firms venturing into stablecoins.
As the Trump administration doled out new corporate tax breaks and rolled back regulations, donors who gained showered millions of dollars on the president’s political operation.
Eyeing major legislative wins, the cryptocurrency industry is on pace to spend a record amount on federal lobbying, according to a Sludge analysis of disclosures covering the first half of 2025.
An investor vote to trade $WLFI could skyrocket the token’s value, enriching Trump and his family who hold multi-billion-token stakes.
The bills are backed by crypto industry lobbying groups whose funders spent tens of millions last year to help elect pro-crypto lawmakers.
Koch Industries, one of the biggest corporate donors to help Republicans retake Congress, is now pushing to pass the Trump-GOP "megabill" that will deliver more benefits to the fossil fuel industry.
Trump Media & Technology Group's crypto partners in the new venture are also lobbying Congress to pass major industry-friendly legislation now being advanced.
Cantor Fitzgerald increased its investment in the Bitcoin company Strategy, whose executive chairman, Michael Saylor, has been the leading industry cheerleader for creating a national Bitcoin reserve.
The stablecoin legislation failed to clear today's cloture vote, 48-49, but Democratic Sen. Ruben Gallego says he'll press ahead with negotiations.
In a closer-than-expected Florida special election, a top crypto industry super PAC is shelling out for Republican Randy Fine, who has been out-raised by Democrat Josh Weil.