Saga CEO discusses crypto industry’s shift toward GOP — ETH Denver
The crypto industry has cozied up to the Republican Party during the most recent election cycle but donated heavily to both parties.
Rebecca Liao, co-founder and CEO of layer-1 blockchain Saga, believes that digital assets began as a bipartisan issue but gravitated toward the Republican Party in the last election cycle due to the previous administration’s anti-crypto policies.
In an interview with Cointelegraph’s Turner Wright during the ETHDenver Conference, Liao pointed to the Securities and Exchange Commission’s (SEC) lack of cohesive policy as the industry’s primary challenge. The CEO said:
“The alliance between Republicans and crypto is a matter of anti-establishment feeling, so they’re both agitating against the order,” Liao continued.
Campaign contributions also played a major role in the GOP’s shift toward pro-crypto policies, said the CEO, adding that it was a hard truth that financial contributions often dictate how much a particular constituency is heard by elected lawmakers.
