Tech Billionaires and Crypto Industry Dominate 2024 US Election Spending

Elon Musk leads $394.1 million tech industry contributions, reshaping political influence and regulatory priorities.

Elon Musk donated $242.6 million to Donald Trump's campaign, making up the majority of the $394.1 million tech industry contributions in the 2024 US election.
Cryptocurrency advocates emerged as major players, with significant donations aimed at influencing regulatory decisions and supporting pro-crypto candidates.
Donald Trump's administration appointments include over a dozen billionaires, such as Elon Musk and Vivek Ramaswamy, tasked with cutting federal spending and shaping policy.
Kamala Harris received $120.9 million in tech-related donations, including $51.1 million from Facebook co-founder Dustin Moskovitz and $17 million from LinkedIn co-founder Reid Hoffman.
The growing influence of tech and crypto in politics highlights concerns over opaque donation systems and the increasing role of wealth in shaping US governance.