Crypto industry backs Utah’s John Curtis in senate race to replace Mitt Romney
The post Crypto industry backs Utah’s John Curtis in senate race to replace Mitt Romney appeared on BitcoinEthereumNews.com.
John Curtis, Utah’s Republican congressman, has become a favorite among crypto supporters in his bid to replace retiring Mitt Romney in the Senate. During a Salt Lake City event, Curtis talked to a group of crypto enthusiasts about his experience with fellow lawmakers regarding internet speeds. Lawmakers discussed 50 and 100 megabits as if those numbers meant something, but Curtis questioned them. His simple query, asking if they had ever done a speed test, left them confused. “They looked at me like I was from another planet,” Curtis told the crowd at the Permissionless conference. For him, it highlighted how out of touch many in government are when it comes to understanding technology, especially crypto. Curtis gains massive support Curtis said he quickly realized the importance of the government being well-informed before jumping into regulations, particularly around crypto. He said: “This is so important to get government involved, because if they don’t understand what you’re doing, they’ll make really bad decisions.” That attitude has earned him the backing of the crypto industry as he prepares to face off against Democratic candidate Caroline Gleich. According to Federal Election Commission (FEC) data, the Defend American Jobs PAC, focused on crypto and blockchain policy, has contributed over $1.9 million to Curtis’ campaign. This PAC also spent $1.5 million against Curtis’ Republican primary opponent, Trent Staggs. These numbers are only a fraction of the industry’s involvement. Corey Newman, Curtis’ chief of staff, said that: “John has always been a strong supporter of the crypto industry as it will help Utah’s economy continue to grow and be a great place to create jobs.” Crypto PACs take over political funding The crypto industry is spending heavily, with companies like Coinbase, Ripple, and Andreessen Horowitz leading the charge. The Defend American Jobs PAC, along with other crypto-focused…
Filed under: News - @ October 19, 2024 3:22 pm