Will Crypto Policy Decide the 2024 Election Outcome?

What we’ll cover today:

🗳️ Could Crypto Decide The 2024 Election?

📉 Consensys Cuts Jobs, Blames SEC for Crypto Setback.

🚨 Crypto Wallets Under Attack: New Malware Alert.

1. Could Crypto Decide The 2024 Election?

Bitcoin just hit $73,000, raising the stakes for November.

Millions of crypto-holding voters are paying close attention, and both Trump and Harris are working to win them over.

This election isn’t just about typical issues—it's also about the future of digital money.

With Bitcoin and Ethereum ETFs now approved, crypto is officially mainstream.

Here’s what voters want from candidates on crypto:

• Clear Regulations: Policies that promote innovation without stifling growth.

• Security and Privacy Protections: Measures that keep transactions safe.

• Market Stability: Rules to prevent extreme volatility and boost investor confidence.

While Republicans are seen as more crypto-friendly, the race for the “crypto vote” is still wide open.

Here’s the whole article

2. Consensys Cuts Jobs, Blames SEC for Crypto Setback.

Consensys, creator of MetaMask, just made a bold move: cutting 20% of its team while calling out the SEC for ‘abusing power.’

CEO Joe Lubin announced layoffs of 160 employees across all departments.

He cited two main reasons:

• Economic challenges

• Rising legal costs from battles with the SEC

Lubin believes the SEC’s unclear regulations are:

• Choking crypto innovation

• Causing job losses

• Holding back the industry

Founded in 2014 to support Ethereum projects, Consensys has grown into a key crypto player.

But relentless regulatory pressure has pushed the company to stay lean and agile.

Looking ahead, Lubin says Consensys will double down on decentralization.

His goal? Transform the company into a "network state" rooted in blockchain ideals.

For now, the future of Consensys lies in:

• A leaner team

• A sharper focus

Here’s the whole article.

3. Crypto Wallets Under Attack: New Malware Alert.

A sneaky new malware called “CryptoAITools” is lurking on the Python Package Index (PyPI).

It’s disguised as a useful crypto tool, but its real purpose is to drain your wallet and steal data.

Here’s how it works:

• Installation: Once installed, it automatically runs on both Windows and macOS.

• Deception: It displays a fake, polished interface to look trustworthy.

• Data Theft: Behind the scenes, it extracts sensitive info like:

  • Passwords

  • Mnemonic phrases

  • Saved notes

• Targeted Wallets: Popular wallets like Metamask, Trust Wallet, and Exodus are at risk.

• Data Transfer: All stolen data is uploaded to a hidden site, accessible by the attacker via Telegram.

This campaign isn’t just limited to one download—it’s a widespread threat to the crypto community.

Here’s the whole article