skip to main content
skip to newscasts

Tuesday, October 1, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Tonight, Minnesota Gov. Tim Walz and Ohio Sen. JD Vance will debate for vice president. California Gov. Gavin Newsom bans legacy preferences in college admissions. Purdue students are protesting for greater voting access, and a Pennsylvania program targets postpartum depression.

view newscast page
play newscast audioPlay

A longshore strike poses possible threats to the economy. Former President Trump turns hurricane relief political. Also, JD Vance and Tim Walz will take to the stage tonight for the VP debate.

view newscast page
play newscast audioPlay

The presidential election is imminent and young rural voters say they still feel ignored, it's leaf peeping season in New England but some fear climate change could mute fall colors, and Minnesota's mental health advocates want more options for troubled youth.

The power of crypto in Ohio's political landscape

play audio
Play

Tuesday, October 1, 2024   

As cryptocurrency becomes more prevalent, it's also making its way into the political arena. With millions of dollars being funneled into campaigns across the country, including here in Ohio, questions are arising about the impact this new wave of funding will have on elections - and, more importantly, what it means for voters.

Mark Hays, a senior policy analyst in financial technology with Americans for Financial Reform, said it's important for Ohioans and everyone across the country to be aware of the money's origination.

"There's a small group of wealthy individuals tied to the crypto industry pouring unprecedented amounts of money into campaign spending to dictate a particular policy outcome that will help them to continue to profit from scammy and predatory practices," he cautioned.

Hays highlighted concerns that the influx of crypto money could sway political decisions to favor industry players. The FBI recently reported more than $4 billion lost in crypto-related scams in 2023 alone. Meanwhile, proponents of cryptocurrency argue it is a valuable tool for economic growth, suggesting that it could help modernize financial systems. However, critics warn that the current push for less regulation might leave consumers vulnerable to fraud and financial instability.

On the other side of the conversation, supporters of cryptocurrency see potential benefits, but some in Ohio are voicing concerns about the influence of large crypto donors on local elections.

Melissa Cropper, Ohio Federation of Teachers president, offered another perspective.

"Why are the cryptocurrency people pouring money into this election? Are they pouring money into the election because they want to make sure that the business stays unregulated? And if that's the case, that's not what we want here in Ohio," she questioned.

As more money from the crypto industry pours into Ohio's elections, the debate over how to regulate this relatively new technology intensifies. Proponents point to the potential for job creation and financial innovation, while critics worry that Ohioans may end up paying the price if regulations are weakened. With $174 million already spent nationally on the 2024 elections by the crypto industry, Ohio remains a key battleground in this debate.

Disclosure: Americans for Financial Reform contributes to our fund for reporting on Budget Policy & Priorities, Campaign Finance Reform/Money in Pol, Social Justice. If you would like to help support news in the public interest, click here.


get more stories like this via email
more stories
Half of Missouri adults report having current medical debt or having had medical debt in the past five years and 39% report they currently have medical debt. (Valeri Luzina/Adobe Stock)

Health and Wellness

play sound

The Missouri Foundation for Health has released two reports that reveal significant obstacles Missourians face in accessing affordable health care…


Health and Wellness

play sound

Colorado lawmakers are digging into the health and economic impacts of the state's poor air quality from wildfire smoke and ozone pollution created by…

Environment

play sound

A new report looking at agribusiness consolidation found decades of mergers have reduced competition, leading to higher costs for farmers and …


The Indiana State Democratic Party says without an Election Day on-campus voting site, Purdue students, faculty and staff will be disenfranchised. (Adobe stock)

Social Issues

play sound

Purdue University students are pushing back against Tippecanoe County's plan for limited voting access on campus. The county has announced only a 10 …

Health and Wellness

play sound

Connecticut disability rights advocates are concerned about state and federal barriers to employment. At the state level, Medicaid is the only …

A recent Surgeon General Advisory, highlighting parent burnout, calls for a shift in culture, policies and programs to ensure all parents and caregivers can thrive. (Adobe Stock)

Social Issues

play sound

On the heels of warnings from federal health officials about parent burnout, school-linked programs in Minnesota are overhauling their approach so …

Social Issues

play sound

A dozen Eastern Kentucky counties will receive a total of around $40 million in federal funding to connect working-age residents to resources and trai…

Social Issues

play sound

The U.S. Department of Agriculture announced a widespread recall of Boar's Head deli meats for contamination of listeria earlier this year. The …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021