Big Crypto is now spending more on US elections than any other industry
www.businessinsider.com
Crypto companies have already funneled some $119 million into federal elections, according to data from Public Citizen.

The crypto industry is making its mark on this year’s elections to the tune of some $119 million.

The funding has largely come from two companies — Coinbase and Ripple — which are funneling money into super PACs like Fairshake PAC, which is dedicated to “elevating pro-crypto candidates and attacking crypto skeptics,” according to Public Citizen.

At the 2024 bitcoin conference in Nashville in February, Trump — who called bitcoin “highly volatile and based on thin air” in 2019 — said he’d lay out a plan “to ensure that the United States will be the crypto capital of the planet and the bitcoin superpower of the world.” Trump has already won the backing of several crypto enthusiasts, including his running mate JD Vance, who owns at least $250,000 in bitcoin.

  • @Fedizen
    6•4 months ago

    Newsom is largely centrist, its less that crypto is party aligned and more that its corruption aligned - the republicans are just more corrupt on average.

    • @UnderpantsWeevilEnglish
      -1•4 months ago

      Newsom is largely centrist

      He’s absolutely buried within the Silicon Valley lobbying community and has repeatedly wielded his gubernatorial power to quash pro-labor and pro-regulatory legislation on those grounds.

      the republicans are just more corrupt on average

      California Democrats are a stone’s throw away from any Midwestern Republican when it comes to “business friendly” state policies. The only thing either group cares about is economic growth.