Crypto Industry Dominates 2024 Election Spending
Cryptocurrency firms contribute nearly half of all corporate donations, reshaping political influence.
- Crypto companies have spent $119 million on the 2024 election, representing 48% of all corporate contributions.
- Major contributors include Coinbase and Ripple, with most funds directed to pro-crypto super PACs like Fairshake.
- The industry's spending surpasses traditional big contributors like oil companies and banks.
- Public Citizen criticizes the influence of crypto money, linking it to the Supreme Court's Citizens United ruling.
- Both major presidential candidates, Trump and Harris, are courting the crypto sector for support.