Cryptocurrency Lobbying and Political Dynamics

On this edition of Parallax Views, journalist Jacob Silverman returns to Parallax Views to unpack his new article, “Coin Operated: The Crypto Industry’s Takeover of American Politics,” a timely investigation into how cryptocurrency has gone from financial sideshow to political powerhouse.

We explore how the crypto industry—despite a track record of scams, collapses, and regulatory defiance—has embedded itself at the heart of U.S. politics. From Donald Trump’s embrace of memecoins and bipartisan failure against the crypto lobby to the harassment of Biden-era SEC officials, Silverman traces what many see as the troubling rise of the crypto industry's political power and its potential consequences for democracy.

Jacob also shares insights from a recent Bitcoin conference in Las Vegas, offering a glimpse into how crypto culture is merging with MAGA politics, shedding its cypherpunk roots, and reshaping the conversation around money, power, and regulation.

If you want to understand how this segment of the tech sector seized political influence—and what it means for the future of democracy and finance—this episode is essential listening.

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