4 days ago
Republican group boosts its senators at Bitcoin 2025
A group linked to the Senate GOP's super PAC is running a series of ads in Las Vegas during the Bitcoin 2025 conference, while major politicians descend on the city to address fans of the oldest cryptocurrency.
Why it matters: It reflects a belief by the GOP that cryptocurrency is an issue that they can use to create a wedge with the Democrats, who, on balance, have been more reluctant to support the digital asset industry.
What they're saying: "Senate Republicans stood up for crypto by working to pass the GENIUS Act, helping ensure America remains a global leader in crypto," One Nation Communications Director Chris Gustafson said in a statement.
The GENIUS Act would create a clear regulatory pathway for issuing stablecoins in the U.S. It recently passed a vote to move forward on the Senate floor.
The big picture: The crypto industry delivered massive financial support for candidates in both parties, but one of its biggest wins came from helping Bernie Moreno unseat Sen. Sherrod Brown (D-Ohio), the chair of the Senate Banking Committee.
Vice President Vance signaled the administration's political alignment with Bitcoiners on Wednesday by speaking at the same conference, urging attendees to keep up the political pressure.
How it works: Gustafson told Axios that One Nation spent in the high five-figure range, to educate voters at Bitcoin 2025 about how Republican Senators have been supportive of their industry.
