The crypto industry's push for favorable federal regulations is facilitated by substantial political contributions to super PACs, aiming to secure a regulatory framework that legitimizes digital currencies.

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Claim

Quotes that support the claim

"Coinbase, which has contributed more than $23 million to the new group of crypto super PACs, is one of three major industry players..."

"The increasing political activity comes as the industry seeks some federal regulation in part to give the digital currency greater legitimacy."

Subclaims

Major contributions from companies like Coinbase, Ripple Labs, and Andreessen Horowitz to crypto super PACs are intended to support candidates and legislation that favor the crypto industry's interests.

The crypto industry seeks to gain legitimacy and favorable regulations through federal legislation, indicating a strategic use of political contributions for achieving regulatory outcomes