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U.S. Rep. Ritchie Torres, D-N.Y., called on New Yorkers to support the cryptocurrency market in a March op-ed in the New York Daily News titled, “A liberal case for cryptocurrency.”
“With a multi-billion dollar market capitalization, crypto is here to stay. It’s not going anywhere. New York City should and must embrace crypto if it is to remain the financial capital of the world,” wrote Torres, who sits on the House Financial Services Committee.
Torres failed to mention two upcoming fundraisers industry backers were throwing for him in April. Crypto investors Ben Horowitz, Anthony Albanese and Chris Dixon — leaders at venture capital firm Andreessen Horowitz — hosted the “Ritchie Torres Ethereum Fundraiser” at the swanky private nightclub Zero Bond in New York City on April 13, according to invitations viewed by CNBC. One of the invites promised “cocktails and conversation” with Torres, asking donors to contribute between $500 and $5,800 to attend the event. Another invite suggested donors contribute in ether, a type of cryptocurrency that’s trading at around $2,000.
Horowitz, Albanes and Dixon did not respond to requests for comment. An aide to Torres confirmed details of the fundraiser.
Torres’ op-ed and his ongoing support in Congress point to the crypto industry’s growing influence in Washington, D.C. Not only has the industry hired more than 200 officials and staff from the White House, Congress, Federal Reserve and political…
