White House Corporate Scorecard Sparks Debate Amidst Crypto Volatility

The White House has reportedly developed a ranking system assessing 553 U.S. companies based on their support for the ‘Big and Beautiful’ bill. This scorecard, according to The Daily Telegraph, categorizes these companies as high, medium, or low partners, with names like Uber, DoorDash, United Airlines, Delta Air Lines, and AT&T appearing among top supporters. However, official confirmations remain elusive as no public acknowledgments have been made by corporations or the White House.

The introduction of this ranking system raises concerns regarding corporate influence on policy and transparency, prompting industry debate. The scorecard evaluates companies through their social media engagement and participation in White House events.

Crypto markets experienced noticeable volatility following the announcement, reflecting broader market dynamics. However, no major crypto figures have commented publicly on the scorecard, and official statements from U.S. government entities haven’t been released. This practice of ranking companies based on governmental policy support isn’t new; similar initiatives in past years have influenced sector-specific equities without impacting crypto assets significantly.

Coincu research suggests that the regulatory landscape may experience short-term shifts, while blockchain technology remains resilient to such influence.

While institutional reactions remain unclear, caution is advised given the lack of official government acknowledgment so far.

*The information on this website is provided as general market commentary and does not constitute investment advice.*