In a close race with outgoing Brazilian President Jair Bolsonaro, Luiz Inácio Lula da Silva, also known simply as ‘Lula,’ won the country’s presidential election following a run-off race. According to data from Tribunal Superior Eleitoral, Lula defeated Bolsonaro in an Oct. 30 run-off election with 50.9% of the vote — roughly 60.3 million people to the soon-to-be former president’s 58.2 million. Though the election outcome showed Lula has the right to take office starting in January 2023, reports have suggested that Bolsonaro may intend to challenge the results. Democracia. pic.twitter.com/zvnBbnQ3HG — Lula 13 (@LulaOficial) October 30, 2022 Lula, who …

A poll conducted by the Crypto Council for Innovation (CCI) has shown that a candidate’s position on crypto may impact the outcome of the United States midterm elections. Significant numbers of voters are well-disposed toward crypto and want to see it treated as a serious and valid part of the economy, and bipartisanship is strong in the crypto community. The CCI commissioned a poll of 1,208 people on Oct. 8-10 about their attitudes toward crypto and the upcoming elections. The poll found that 13% of respondents won cryptocurrency, which is in line with the 16% who owned stocks and 12% …

While Bitcoin (BTC) investors may not consider the U.S. midterm elections as a significant event, an eerie fractal from 2018 may provide a clue to what could happen before the year ends. Bitcoin to hit $12K-$14K after midterms? Comparing Bitcoin's price actions that led to the midterm elections of 2018 with the ones in 2022 shows a strikingly similar bear market trend. For instance, BTC price trended lower in 2018 while holding a horizontal level near $6,000 as support, only to break below it after the midterm elections. In 2022, the cryptocurrency has halfway mirrored this trend. Its price now …

The legal team behind nonfungible token firm DataVault Holdings has requested an advisory opinion from the United States Federal Election Commission on using NFTs for fundraising efforts. In a Sept. 21 letter to FEC acting general counsel Lisa Stevenson, DataVault’s lawyers proposed sending NFTs as “souvenirs” to individuals who contributed to political committees, as well as giving the token holder the option to use it for promoting a campaign “strictly on a volunteer basis and without any compensation.” The NFT firm requested the FEC provide guidance on how it may operate as a commercial vendor — issuing the tokens to …

A poll of 800 likely midterm voters in four U.S. swing states suggested that the overwhelming majority favored ideas around decentralization, and many were HODLers. According to a Sept. 29 report from venture capital firm Haun Ventures conducted by business intelligence company Morning Consult, roughly 1 in 5 voters polled in New Hampshire, Nevada, Ohio, and Pennsylvania said they owned cryptocurrency or nonfungible tokens. In addition, 91% of respondents supported a “community owned, community governed” internet that “gives people greater control over their information.” “Significantly, and reflective of how the values that voters associate with Web3 will drive electoral behavior, …

The billionaire founder and CEO of the FTX cryptocurrency exchange, Sam Bankman-Fried, has revealed he intends to spend anywhere between $100 million and $1 billion to help influence the 2024 United States presidential election campaigns. In a podcast interview on Tuesday, Bankman-Fried was asked how much money he might donate during the next presidential election cycle, answering he’d give “north of $100 million” with a “soft ceiling” of $1 billion if he were to bankroll the person running against former president Donald Trump: “I would hate to say hard ceiling because who knows what’s going to happen between now and …

Andrea Salinas has won the Democratic primary election for the newly created Oregon 6th District seat in the United States House of Representatives. Practically since it started, the election race was the object of intensive media attention, which most often centered around Salinas’ opponent Carrick Flynn, whose campaign was generously funded by the Protect Our Future political action committee (PAC) backed by billionaire FTX CEO Sam Bankman-Fried. The PAC paid for a flood of advertising supporting Flynn. Salinas won the seat with 38% of the vote, while Flynn came in second at 19%, with the remaining votes split among seven …

Retirement plans still largely remain at the periphery of both crypto adoption and the regulatory discussion. But last week, a major development emerged in this department. United States Senators Elizabeth Warren of Massachusetts and Tina Smith of Minnesota became concerned about Fidelity’s recent announcement of adding Bitcoin (BTC) to its clients’ 401(k) retirement investment menu. In a letter to the company’s CEO Abigail Johnson, the lawmakers expressed their uneasiness over a “conflict of interests” and the “significant risks of fraud, theft and loss,” requesting from Fidelity a detailed outline of risk mitigation actions. Crypto 401(k) plans are still relatively rare, …

JD Vance has won the Ohio Republican Senate primary election, making him the GOP’s candidate in the highly anticipated Senate race against Democrat Tim Ryan. Both parties are trotting out crypto-friendly candidates. The Guardian reported that Vance may have been pushed to victory on Tuesday by a last-minute endorsement from former President Donald Trump on April 23, helping him beat out presumed front-runner, the former state treasurer Josh Mandel. Both Vance and Mandel are crypto supporters, with Mandel famously tweeting, “Ohio must be a pro-God, pro-family, pro-Bitcoin state.” Vance has disclosed Bitcoin (BTC) holdings valued at up to $250,000, which …

In terms of policy, Greg Tanaka calls himself a legislator for the digital age and possibly the most pro-crypto person running in this election cycle. A member of the Palo Alto City Council, he has set his sights on the United States House of Representatives seat for California’s 16th, the Silicon Valley district. In an interview with Cointelegraph, the self-described nerd exuded enthusiasm and spoke with an unwavering smile about crypto and the financial system. Legal DAOs and crypto tax holidays “It’s the first form of truly better money,” Tanaka said of crypto. “More benefit goes to the people creating …

As France braces for the April 24 presidential election in a runoff, political pundits around the globe are making their bets. The choice is between the centrist incumbent Emmanuel Macron and right-wing populist Marine Le Pen. Much of the political debate this time revolves around economics, but there is one indispensable part of it that is largely absent from the candidates’ electoral agendas: digital assets. While both have a record of public statements on matters related to crypto, neither Macron nor Le Pen seems to be likely to trigger any significant policy change with regard to the French digital economy. …

Mere days before the second round of the fateful presidential election in France, the incumbent president of the Republic, Emmanuel Macron, sat down with local media to share his thoughts on the digital economy — a subject on which he hasn't spoken much previously. While emphasizing the importance of the sector, Macron once again reiterated his support for the pan-European approach to financial technology regulation. The interview with French publication The Big Wale came on Friday, two days before the runoff that will see Macron face the right-wing populist Marine Le Pen. According to most polls, Macron is likely to …