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RUSI @rusi.bsky.social
Jul 8, 07:14 AM

How is cryptocurrency reshaping politics? Speaking on BBC Radio 4 Today, Eliza Lockhart explains the three ways crypto is becoming politically significant: industry lobbying, crypto-generated wealth funding political campaigns, and its emerging role as a fundraising and mobilisation tool.

๐ŸŽค Whisper Transcript (en) โฑ 52s

"At the moment, crypto in the terms of donations made in crypto is relatively small, but we do see crypto becoming politically significant in three main ways. The first is that the crypto industry is a well-resourced sector that's seeking to shape the regulation that governs it. That's not unique to crypto, most industries lobby, but it matters because government decisions that are being made right now are directly affecting the value and the profitability of crypto businesses. The second way it's becoming significant is that crypto has created significant personal wealth, so some individuals who've made their money in crypto are now making large donations to political parties and campaigns and figures. And the third way, and this is not really taken off yet in the UK but we see it in the United States, that crypto itself has become a political fundraising and mobilisation tool."

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RUSI @rusi.bsky.social ยท Jul 6, 04:57 PM

How is cryptocurrency reshaping politics? Speaking on BBC Radio 4 Today, Eliza Lockhart explains the three ways crypto is becoming politically significant: industry lobbying, crypto-generated wealth funding political campaigns, and its emerging role as a fundraising and mobilisation tool.