How Crypto Lobbying Won Over Trump

The article discusses the crypto industry's efforts to influence former U.S. President Donald Trump's administration. It highlights the industry's extensive lobbying activities, which involved courting Trump and his advisers. The crypto industry's goal was to shape policies and regulations in their favor, and their strategies included hosting events at Trump's properties, donating to Republican causes, and hiring former Trump administration officials as lobbyists. The article suggests that the crypto industry's lobbying efforts were largely successful, leading to a more crypto-friendly stance from the Trump administration. This included the Treasury Department's decision to delay a rule that would have required stricter reporting of certain cryptocurrency transactions. The article suggests that the crypto industry's influence over the Trump administration represents one of the "great lobbying free-for-alls in recent Washington history." It highlights the industry's ability to effectively navigate the political landscape and exert significant influence over policymaking.