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The Silk Road pardon

Today, Explained

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Political Shifts in Cryptocurrency

This chapter explores the dramatic change in political perspectives on cryptocurrency, particularly the transformation of a notable political leader's stance from deeming Bitcoin a scam to advocating for U.S. leadership in the crypto space. It highlights the strategic efforts by the crypto community to influence policymaking, including donations and personal ties that have played a role in shaping regulatory approaches. The chapter contrasts the different regulatory strategies under various administrations and examines the continuing legal challenges faced by crypto companies.

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