The cryptocurrency industry’s growing influence presence in Washington will get a workout next week when House members plan to take up legislation setting up how the federal government oversees digital money.
The vote comes as the sector’s lobbying and political donating show signs of maturing after a tumultuous start. The network of associations and company lobbyists, plus a recent super PAC, make it look more like a traditional Washington influence operation, one that is working to rebound after the downfall of political donor-turned-fraudster Samuel Bankman-Fried, a founder of FTX who was sentenced to 25 years in prison.
“We’ve turned a ...