Company Directory - CryptoSX
Company Details - CryptoSX
CryptoSX
CryptoSX is a digital asset exchange that focuses on trading and managing digital assets.
CCI Score
CCI Score: CryptoSX
-60.65
0.04%
Latest Event
CryptoSX's Political Influence in the Crypto Industry
CryptoSX, a digital asset exchange operating within the rapidly evolving crypto industry, is implicated in efforts to cement political influence through strategic lobbying and political contributions. A PBS NewsHour article highlights how crypto firms have actively spent on political endeavors under the Trump administration, thereby aligning with authoritarian policies and undermining democratic norms.
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CryptoSX is currently rated as an Architect.
Latest Events
- FEB172025
CryptoSX, a digital asset exchange operating within the rapidly evolving crypto industry, is implicated in efforts to cement political influence through strategic lobbying and political contributions. A PBS NewsHour article highlights how crypto firms have actively spent on political endeavors under the Trump administration, thereby aligning with authoritarian policies and undermining democratic norms.
-60
Public and Political Behavior
February 17
The article describes how the crypto industry is leveraging political contributions and lobbying to influence regulations and shape policy, effectively supporting an environment that favors authoritarian practices. As part of this industry, CryptoSX is implicated in these strategies, which represent a significant concern from a democratic accountability perspective.
How an emboldened crypto industry is trying to cement political influence
- FEB172025
AP News reports that the crypto industry, including key players and executives, is leveraging significant political contributions and lobbying to influence legislation and regulatory actions. This behavior raises concerns about the industry's complicity in undermining democratic processes and supporting authoritarian-friendly policies.
-60
Political Contributions and Lobbying Efforts
March 26
The article details heavy industry spending to support crypto-friendly lawmakers and influence legislation. This direct political contribution and lobbying effort by crypto players is indicative of a strategy that may erode democratic accountability and bolster authoritarian practices.
Emboldened crypto industry seeks to cement political influence - AP News
-50
Executive Political Engagement
March 26
The article highlights how industry executives and influential figures in the crypto space, such as the crypto czar and other leaders, are actively engaging in political activities. This executive political engagement, through organizing working groups and influencing regulatory debates, further deepens the industry's political entanglement.
Emboldened crypto industry seeks to cement political influence - AP News
- NOV172024
CNN reported that crypto industry super PACs and affiliated groups spent over $131 million in political contributions to support pro-crypto lawmakers and candidates. This expenditure aimed at influencing regulatory frameworks and bolstering a pro-Trump agenda raises serious concerns about the digital asset exchange sector's role in shaping policies that may undermine democratic accountability.
-80
Political Contributions and Lobbying Efforts
March 26
The article highlights massive political contributions and lobbying efforts by the crypto industry, including the use of super PAC funds and coordinated political spending to support candidates aligned with an authoritarian agenda. While not mentioned by name, CryptoSX, as a digital asset exchange, is part of an industry implicated in these actions, thereby raising concerns about complicity in promoting policies that favor deregulation and authoritarian influences.
The crypto industry plowed tens of millions into the election. Now, it aims to cement influence.
- OCT302024
The article details how crypto industry players have funneled over $200M in political donations during the 2024 presidential race. This trend raises concerns that such financial maneuvers could be used to bolster political candidates who may support authoritarian agendas. Although CryptoSX is not explicitly singled out, as a major digital asset exchange in the crypto market, its association with an industry exhibiting these behaviors suggests potential complicity in undermining democratic processes through political contributions.
-60
Political Contributions and Lobbying Efforts
March 26
The crypto industry's political donations, as detailed in the article, total over $200M with significant support aimed at influencing election outcomes. Such large-scale political funding can distort democratic processes and empower authoritarian tendencies. Although the article does not specifically mention CryptoSX making these donations, its role as a digital asset exchange ties it to an industry where such practices are becoming normalized. This raises significant concerns regarding its potential participation in or indirect support for politically manipulative contributions.
Crypto Industry Political Donations Top $200M: Biggest Donors in the 2024 Presidential Race
- AUG212024
A Public Citizen report detailed how crypto firms contributed substantial sums to federal elections in 2024, raising concerns about their influence on political outcomes. While the report highlighted major players like Coinbase and Ripple, it sheds light on a broader trend among crypto exchanges that could extend to companies such as CryptoSX, potentially bolstering authoritarian-friendly policies.
-60
Political Contributions and Lobbying Efforts
March 26
The report reveals that crypto firms provided nearly half of all corporate political donations in 2024, channeling significant funds into super PACs that influence legislative outcomes. This pattern of financial engagement raises concerns over democratic integrity and supports the influence of authoritarian-friendly policies. Although CryptoSX is not explicitly mentioned, as a crypto exchange it operates within the same industry environment, making its potential involvement in such practices worrisome.
Crypto firms contributed 48% of all corporate political donations in 2024: Report
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Industries
- 518210
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services
- 523910
- Miscellaneous Intermediation
- 541511
- Custom Computer Programming Services