Richard Levin, the chair of the FinTech and Regulation Practice of Nelson Mullins, was recently quoted in an article in the Financial Times, “Politicians are waking up to the fact there a votes in crypto.” The article discusses the rise in the popularity of Bitcoin and its peers since the start of the pandemic and that millions of people around the world now own digital assets. With the rise in popularity, crypto is becoming a focus of political parties across the world that believe taking a position on the regulation of digital assets could win votes and help to raise campaign funds.

In the article Levin noted, “The recent Russian invasion of Ukraine and the sanctions by the US government have brought digital assets to the attention of many voters.” He added that the presidential executive order on digital assets had also brought the issue of regulation of cryptocurrencies to the attention of candidates running for Congress.