Crypto Industry Ramps Up Political Spending to Lock In Regulatory Stability

This fits into a broader macro narrative where political instability in the US could weaken the dollar and drive capital into alternative stores of value like Bitcoin. With BTC dominance high and altcoins underperforming, crypto is increasingly viewed as a hedge against political dysfunction, especially as the Fed's rate path remains data-dependent.

As US midterm elections approach, President Donald Trump's record-low approval ratings are causing Republican concerns, leading to increased campaign funding in safe seats and some candidates shifting positions on the US war in Iran.

Republicans Pour Cash Into Once-Safe Seats as Trump's Poll Numbers Tank

Trump's tanking polls could trigger a lame-duck crypto spending spree before midterms, as Republicans rush to pass crypto-friendly legislation while they still control Congress.