# Do Democrats Really Hate Crypto?

*Author: Bankless*
*Published: Sep 25, 2024*
*Source: https://www.bankless.com/es/do-democrats-really-hate-crypto*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/09/Frame-50567--6-.png)](https://www.bankless.com/sponsor/uniswap-extension-1719068020?ref=lidos-big-break&email=true)

  

Do Democrats Really Hate Crypto?
    
  

  
  Published on Sep 25, 2024

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.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
Visa's ETH Commitment
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/09/Group-14---2024-09-25T180056.566.png)](https://www.bankless.com/dashboard)- 💳 **Visa Launching Tokenized Asset Platform for Banks. **Visa’s platform will [allow banks to issue](https://www.bankless.com/visa-launching-tokenized-asset-platform-for-banks) fiat-backed tokens powered by smart contracts.
- **🟦 PayPal Brings Crypto Custody Support to U.S. Business Accounts.** The move marks [another major expansion](https://www.bankless.com/paypal-business-accounts) into crypto for the fintech giant.
- 👩‍⚖️ **Caroline Ellison Sentenced 2 Years in Prison for Role in FTX Collapse**. The Alameda CEO's cooperation [earned her a much lighter sentence](https://www.bankless.com/caroline-ellison-sentenced-2-years-in-prison-for-role-in-ftx-collapse) than SBF.

.  .  .

 
  
    
      
      GO BANKLESS
    
    
  
  
    
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    MARKET VIBES

  
  

Blood in the Water?
  
   
     
   
     
    
 

**📸 Daily Market Snapshot: **Despite some relief for Ethereum prices in recent weeks, investors are continuing to bid up competitive alt-L1s during an extended period of weak ETH narrative strength. SEI is up 54% week-over-week, while other big gainers include SUI, APTOS, and NEAR –  all up roughly 30% on the week.

Prices as of 6pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $2.23T
       

  
    
    ↘ 1.1%
    
  

   
    
    ↗ 7.2%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $63,392
       

  
    
    ↘ 1.7%
    
  

   
    
    ↗ 5.1%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $2,574
       

  
    
    ↘ 3.6%
    
  

   
    
    ↗ 10.2%
  

       ![](https://s2.coinmarketcap.com/static/img/coins/64x64/23149.png)
    

  **SEI**
   
          $0.455
       

  
    
    ↗ 7.1%
    
  

   
    
    ↗ 53.7%

    
  

  

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.  .  .

 
  
    

ANALYSIS

  
  
    
Lido's Big Break?
  
  
   
     
     Bankless Author: 
     
       [
       
        Jack Inabinet](https://x.com/JackInabinet)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/09/image---2024-09-25T180353.876.png)](https://www.bankless.com/lidos-big-break)Ethereum's smart contract dominance has been challenged like never before this cycle. The increased concern that Ethereum is losing users to alt L1s like Solana has led some in the community to [advocate for](https://x.com/TrustlessState/status/1837660126477517285) a shift in prioritizing technical improvements to the L1 *execution* layer over increased rollup *data availability* bandwidth.

This shift would have major ramifications for the network. It would also have interesting impacts on the revenues of various ETH infrastructure protocols.** Today, we're digging into how an ETH priority shift could lead to big wins for liquid staking platform Lido and holders of LDO.**

*Dig into the opportunity *👇

[Read More on Bankless.com](https://www.bankless.com/lidos-big-break)
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