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BumRushDaShow

(158,150 posts)

7. "every single frickin' Democratic politician is on the pro-crypto list! (I'm in California)"

Reply to karin_sj (Reply #1)

Sun Jul 21, 2024, 12:27 PM

Jul 2024

Because much of the "industry" is headquartered and/or is concentrated there.

When FTX collapsed thanks to Sam Bankman-Fried, it took out several other banks that were associated with and/or supporting crypto and the tech industry there, including SVB (CA), First Republic (CA), Signature Bank (NY), and BlockFi (NJ). The feds came to the rescue to get them taken over/reorganized as much as allowed by law.

Those who run these crypto things, are the "new oligarchs".

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NoveltySocks

18 replies

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Highlight:

Look who's the #1 politician at the top of the "anti-crypto list" [View all] karin_sj Jul 2024 OP

Checked my own state's politicians karin_sj Jul 2024 #1

This is what my opinion of the Dem senatorial candidate is based on. onecaliberal Jul 2024 #4

"every single frickin' Democratic politician is on the pro-crypto list! (I'm in California)" BumRushDaShow Jul 2024 #7

That's not exactly correct. nbsmom Jul 2024 #15

"but Silicon Valley Bank collapsed due to a lack of diversification" BumRushDaShow Jul 2024 #16

The sort on this list is sus AF nbsmom Jul 2024 #13

Checking in even though I knew the answer. dchill Jul 2024 #2

As he should be. ancianita Jul 2024 #3

👍😁 TommieMommy Jul 2024 #5

This is insanity PatSeg Jul 2024 #6

I expect the industry lobbied hard and provided "donations" for their campaigns BumRushDaShow Jul 2024 #12

That doesn't say much about our politicians, does it PatSeg Jul 2024 #18

Cypto bdamomma Jul 2024 #17

From your link here in PA (filtered for Congress) BumRushDaShow Jul 2024 #8

This is very interesting ramapo Jul 2024 #9

Money ... KPN Jul 2024 #10

Thank dog for GA Senators Raphael Warnock and Jon Ossoff. Both strongly against. Of course, japple Jul 2024 #11

Crypto currency is only for tax dodging superpatriotman Jul 2024 #14