Crypto industry flexed its political muscles in 2024 election

"Cryptocurrencies" like Bitcoin , are digital assets, created and maintained by networks of computers.

At least 17 million Americans own crypto, and how the industry should be regulated in the U.S. Big crypto companies were among the top donors in this past election.

Since the election, the price of Bitcoin has hit record highs.

Gary Gensler : "I've never seen a field that's so non-compliant with laws written by Congress " Ripple CEO Brad Garlinghouse says the SEC 's approach was the main reason his company and two others created the biggest industry super PAC, called Fairshake .

John Reed Stark , former chief of internet enforcement at the SEC , says he owns no cryptocurrency and has never worked for the industry.

FIT21 tries to create a new regulatory framework for digital assets.

The CFTC , the Commodity Futures Trading Commission , already has some jurisdiction over bitcoin.

Jamie Dimon's bank offers clients investments in these assets he once described as pet rocks.

Brad Garlinghouse recently announced the company was putting another $25 million into the industry super PAC Fairshake.