2024

Donald Trump

United

<p>The race for the 2024 US elections has been heating up with a key development putting a clear message that the anti-crypto stand won’t benefit any lawmaker. On Tuesday, June 25, crypto critic Jamaal Bowman, who voted against the <a href="https://coingape.com/trending/what-is-the-fit21-crypto-bill-key-insight-more/" target="_blank" rel="noopener noreferrer nofollow">FIT 21 bill</a> lost an election of New York’s 16th Democratic Primary.</p>
<h3 id="2024-us-elections-has-no-place-for-anit-crypto-lawmakers">2024 US Elections Has No Place for Anit-Crypto Lawmakers</h3>
<p>Jamaal Bowman was popular for his anti-crypto stand on not one occasion, but several past instances. He holds a notable record of opposing key crypto legislations such as voting against the anti-CBDC bill, the FIT 21 bill, as well as voting against efforts to overturn the pro-Gary Gensler <a href="https://coingape.com/president-biden-uses-veto-to-keep-sab-121-intact-protects-secs-crypto-outreach/" target="_blank" rel="noopener noreferrer nofollow">SAB 121</a>. Besides, Bowman has been a top ally of Senator Elizabeth Warren, who has consistently been anti-crypto. Well, the current development gives an insight into what’s coming ahead during the 2024 US elections.</p>
<p>The interesting thing is that Bowman has lost to Westchester County Executive George Latimer. Fairshake, the pro-crypto super PAC was behind the $2 million ad-spent opposing Bowman last week. Speaking to Fox Business’ Eleanor Terret, Fairshake spokesman Josh Vlasto said:</p>
<blockquote>
 <p>“Jamaal Bowman fought against setting clear rules of the road for the crypto and blockchain industry, and tonight he’s looking for a new job. The crypto and blockchain community will continue to support candidates who believe in innovation and job creation, and reach across the aisle to get things done.”</p>
</blockquote>
<p><a href="https://coingape.com/crypto-super-pacs-raise-over-100-million-war-chest-for-us-elections-report/" target="_blank" rel="noopener noreferrer nofollow">Crypto super PACs</a> have been very active recently in order to support pro-crypto candidates for the upcoming US elections this year. They have reportedly built a war chest of $100 million to advertise for pro-crypto candidates. These PACs have also received massive investments from top crypto industry players like Coinbase and Ripple.</p>
<p>Also Read: <a href="https://coingape.com/coinbase-follows-ripple-a16z-25m-donation-fairshake-crypto-pac/" target="_blank" rel="noopener noreferrer nofollow">Coinbase Follows Ripple &amp; a16z With $25M Donation To Fairshake Crypto PAC</a></p>
<h3 id="crypto-industry-players-cheer-the-development">Crypto Industry Players Cheer the Development</h3>
<p>Ad tracking firm AdImpact reported that the race between Bowman and Westchester County Executive George Latimer drew a staggering $25 million in ad spent. However, nearly $15 million of it has come from the United Democracy Project, a super PAC associated with the American Israel Public Affairs Committee.</p>
<p>Well, the development has irked Bowman’s close supporter Alexandria Ocasio-Cortez (AOC) calling this $15 million spent by the super PAC as “corruption” and a “threat to American democracy”. However, crypto industry players are cheering the development passing on the message that the fight with the crypto market won’t end well.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">Politicians everywhere need to understand that this is what happens when you pick a fight with the crypto army. <a rel="noopener noreferrer nofollow" href="https://t.co/RLCA6VKM4B">https://t.co/RLCA6VKM4B</a></p>
 <p>— Tyler Winklevoss (@tyler) <a rel="noopener noreferrer nofollow" href="https://twitter.com/tyler/status/1805794789855838237?ref_src=twsrc%5Etfw">June 26, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Also Read: <a href="https://coingape.com/winklevoss-twins-donates-bitcoin-to-donald-trump-campaign/" target="_blank" rel="noopener noreferrer nofollow">Winklevoss Twins Donate Bitcoin to Donald Trump Campaign</a></p>
<p>The post <a href="https://coingape.com/anti-crypto-jamaal-bowman-ny-16th-election-loss-shows-whats-coming-in-2024-us-elections/" rel="noopener noreferrer nofollow">Anti-Crypto Jamaal Bowman’s NY 16th Election Loss Shows What’s Coming in 2024 US Elections</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.</p>

Anti-Crypto Jamaal Bowman’s NY 16th Election Loss Shows What’s Coming in 2024 US Elections

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