The Crypto threat to democracy
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The Crypto threat to democracy
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In this Lowdown short, Nick Cohen discusses the influence of the crypto industry on politics, focusing on how crypto billionaires have been buying support from radical right politicians. He highlighted cases such as Christopher Harbourne and Ben Delo's large donations to Nigel Farage and his party, and Donald Trump's involvement in the crypto industry. Cohen criticises the lack of regulation in the crypto sector and its use by criminals and authoritarian regimes. He argued that honest industries do not need to buy political protection and called for more scrutiny of large political donations. Cohen also mentioned the need for Labour and other politicians to take a stronger stance against the anti-democratic forces funded by crypto interests.
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