🔥Crypto’s midterm spending is an upfront investment in future business growth. @coinbase , @Ripple and @a16z are funding Fairshake to push for U.S. rules that give their businesses more room to grow.@JVlasto 🔸 Coinbase has pushed for legislation, but also withdrew support for an earlier draft it considered too restrictive. It wants clear rules that leave room to develop products and generate revenue. 🔸 Banking groups oppose certain stablecoin reward arrangements because they fear those incentives will draw deposits and customers away from banks and toward crypto platforms. 🔸 The midterms set the stage for the next round of negotiations, with each side working to strengthen its bargaining position. Winning seats is only the first step. The real business gains still depend on the rules that follow.