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$GAGAIN COMMUNITY CURATED NEWS

The $GAGAIN community curates and delivers the latest crypto news and insights, focusing on developments within the cryptocurrency world, particularly on Coinbase's base chain Ethereum. Stay updated with breaking news, expert analyses, and trends that matter. Whether you're a seasoned investor or new to the crypto scene, our news section provides timely and relevant information that empowers you to make informed decisions. Get a deep dive into market dynamics, upcoming blockchain projects, and investment opportunities to enhance your understanding and expand your meme coin portfolio confidently.

Crypto Sentiment Flips to Demcrafts

Republicans Cry Foul as Cryptocurrency PAC Shifts Support to Democrats in Key Senate Races

August 15, 20242 min read

Original Article: Republicans claim betrayal as cryptocurrency PAC backs Democrats

Dems vs Republicans for crypto vote 2024

Article Key Takeaways:

  1. Pro-Cryptocurrency PAC Supports Democrats: Fairshake PAC, a major pro-cryptocurrency political group, is investing millions in high-profile Senate races in Michigan and Arizona, backing Democrats in a move that has angered top Republicans.

  2. Significant Financial Influence: The PAC has announced approximately $3 million each in support of Democratic candidates Rep. Ruben Gallego in Arizona and Rep. Elissa Slotkin in Michigan, a decision that jeopardizes GOP efforts in key battleground states.

  3. Changing Party Lines: Both Gallego and Slotkin had previously opposed cryptocurrency legislation but have recently supported a historic crypto bill, earning favorable ratings from Stand With Crypto, a nonprofit advocating for the crypto industry.

  4. Republican Criticism: Top Republicans have expressed disappointment, seeing the PAC's support for Democrats as a betrayal, given the GOP's long-term efforts to build alliances with the cryptocurrency sector amid a challenging regulatory environment.

  5. Industry Contributions: Fairshake PAC is significantly funded by digital asset firms, including major donations from blockchain firm Ripple, venture firm Andreessen Horowitz, and the largest U.S. cryptocurrency exchange, Coinbase.

  6. Strategic Concerns: GOP operatives believe that this shift could undermine GOP fundraising efforts, alienate younger voters, and disrupt strategic contrasts Republicans use against Democrats.

  7. Historical Tensions: The situation recalls past conflicts where influential groups like the Chamber of Commerce shifted support to Democrats, subsequently losing influence with Republican lawmakers.

  8. Trump's Position: Former President Trump, now more supportive of cryptocurrency, is seen as potentially benefiting from crypto-friendly policies, offering a campaign that accepts Bitcoin donations and Vance, his running mate, holding significant Bitcoin assets.

  9. Industry Leaders React: Confusion and unrest have spread among Republican allies and industry leaders, questioning the PAC’s strategic direction and its impact on longstanding relationships with the GOP.

  10. Future of Regulation: Both pro-crypto Republicans and skeptical Democrats are negotiating the future regulatory landscape, with potential shifts expected depending on the 2024 election outcomes, focusing on which administration will offer a more favorable environment for the crypto industry.

  • This post was created by the $GAGAIN community and should not be taken as financial advice of any kind. This content within are strictly for entertainment purposes. Investing into cryptocurrency is extremely risky. You could lose everything, or you could 1000x. Be sure to DYOR before buying any cryptocurrencies.

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About $GAGAIN

$GAGAIN is the cryptocurrency incarnation of Jake Gagain, professional digital content creator and sensational investor. GAGAIN is a community driven initiative that strives to bring people together on Coinbase's base chain ethereum network. However, $GAGAIN does it in a way that many other cryptocurrencies, memecoins, and projects have failed to do in the past. We are 100% community driven. No one person or entity controls this project, it is shared across thousands of cryptocurrency investors on the blockchain. The community showcases crypto stories, blockchain projects and other initiatives in the base chain ecosystem. The community aims to help drive mass adoption for crypto and propel community engagement for new projects. The only requirement is that they must burn...

TOKENOMICS

SAFE CONTRACT DEPLOYMENTS = LOYAL COMMUNITIES

1BILLION

RENOUNCED

LP BURNED

JAKE 3%

ROADMAP = BURN

WHITEPAPER = INCOMING

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$GAGAIN FAQS

How do I get $GAGAIN?

You can get $GAGAIN by swapping base ETH from your base chain wallet through a decentralised exchange like UNISWAP - top of page.

What is $GAGAIN for?

The utility of $GAGAIN is determined by the community. Be it funding projects, charitable donations, or used as a store of value, $GAGAIN use cases grow every day. Right now, community members are requesting spotlight articles and exposure of their favourite base chain meme coins, private telegram groups, and crypto artists/promoters. Instead of paying ETH for project visibility as most projects do, $GAGAINers are burning their $GAGAIN tokens to showcase them on basedgagaincto.org. Each time $GAGAIN burns, tokens increase in value. And as more people visit basedgagaincto.org, promotions and features gain more exposure.

Does Jake himself hold $GAGAIN?

Yes he does!

His public wallet currently holds 3% of the total supply of $GAGAIN. A gift from the contract developer and other community members upon launch. Jake himself may have a blockchain project or endeavour that he'd like exposure for in the future. How much $GAGAIN do you think he'd burn to show it off?

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$GAGAIN is a meme coin with no intrinsic value and doesn't guarantee a financial return; its value is determined by the global community. Content on this website is for entertainment only and not financial advice. Engage at your own risk, as purchasing or selling tokens involves potential losses and high volatility. The authors and project participants do not accept liability for any losses incurred. This website is not an offer or solicitation to buy or sell any product, and is not directed at persons in jurisdictions where such activities are prohibited. Always consult local laws before transacting in cryptocurrencies.