The Rise of Crypto and A.I. Lobbying: How Tech Titans are Shaping Politics in 2024

The cryptocurrency sector is making a strong comeback in 2024, despite the fall of FTX CEO Sam Bankman-Fried. A new alliance between the crypto industry and the artificial intelligence boom is reshaping Capitol Hill. Super PACs backed by crypto money are influencing elections, supporting candidates who align with the industry’s interests. Dark-money nonprofits funded by crypto players are lobbying against regulators and targeting key politicians. The industry’s push for deregulation and its collaboration with A.I. companies are setting the stage for a major political force in the upcoming elections. The battle between tech firms and regulatory agencies is intensifying, with lawsuits challenging the SEC’s authority and attempts to weaken government oversight. The endgame for the crypto lobby seems to be a significant reduction in regulatory power, with lawsuits aimed at curbing the SEC’s influence and reshaping the administrative state. The influence of Big Tech in the legal arena indicates a broader strategy to limit government control and secure a more favorable regulatory environment for the industry.