Cryptocurrency companies have significantly increased their political spending in the recent U.S. election cycle, positioning themselves to influence politics and regulations. Several states are exploring the creation of strategic Bitcoin reserves, which is considered a victory for the crypto sector. However, this trend raises concerns about the future rights of Bitcoin holders, as greater government oversight and institutional involvement could transform Bitcoin from a decentralized currency into just another financial asset. Crypto corporations have become the largest corporate political spenders, surpassing even Koch Industries. Some states have already adopted crypto-friendly policies, including allowing public pension funds and treasuries to invest in Bitcoin. However, regulatory clarity at the federal level is lacking, and Bitcoin's classification as a commodity adds further complexity. State-level investment marks a shift from Bitcoin's anti-establishment origins, pushing it towards becoming solely a treasury asset. This poses no threat to the establishment but reinforces the existing system. Bitcoin as freedom money that can be held privately and transacted without permission challenges the status quo and can be a tool for financial equality.



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