2022-2-9 18:56 |
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Bitcoin Magazine Reports from Las Vegas, real-time election results powered by Stand with Crypto
Crypto-friendly politicians are making significant gains in the ongoing US elections, with early results indicating strong support for candidates who advocate for digital assets. In the House of Representatives, 220 pro-crypto candidates have been elected, surpassing the 106 elected who are against crypto initiatives, according to Stand With Crypto.
Bitcoin reached a new all-time high today, hitting $74,870. 20, as Donald Trump’s odds of winning the US presidential election surged to 97% on the prediction market. Bitcoin is currently trading at $74,331.
Outside of today’s Presidential Election, the crypto industry is significantly impacting the 2024 US Senate races by channeling substantial financial support to pro-cryptocurrency candidates, aiming to influence the legislative landscape.
The Bank for International Settlements (BIS) announced its departure from Project mBridge, a central bank digital currency (CBDC) initiative developed in partnership with the People’s Bank of China and the central banks of Hong Kong, Thailand, Saudi Arabia, and the UAE.
Bitcoin is not an escape hatch to stop caring about the political process.
Polymarket CEO Shayne Coplan responded to a recent New York Times article that scrutinized the platform, clarifying key points about its non-partisan stance and transparency. The article described Polymarket as a “crypto website where election odds swing in… favor” of former President Donald Trump, which Coplan felt mischaracterized the company’s purpose and operations.