Nearly Half of All Corporate Election Spending in 2024 Cycle Comes from Crypto Companies, Study Finds
Briefly

from Coindesk5 months ago
Public Citizen's report highlights that as of 2024, cryptocurrency companies accounted for nearly half of all corporate political contributions, amounting to $119 million, revealing their significant influence.
Coindeskhttps://www.coindesk.com/policy/2024/08/21/nearly-half-of-all-corporate-election-spending-in-2024-cycle-comes-from-crypto-companies-study-finds/
With the crypto sector funneling $107.9 million into the pro-crypto super PAC Fairshake, this is part of a broader strategy to ensure crypto-friendly candidates are elected, while countering skepticism.
Coindeskhttps://www.coindesk.com/policy/2024/08/21/nearly-half-of-all-corporate-election-spending-in-2024-cycle-comes-from-crypto-companies-study-finds/
Research director Rick Claypool describes the political spending by the crypto industry as 'unprecedented,' indicating a growing commitment to influence electoral outcomes in their favor.
Coindeskhttps://www.coindesk.com/policy/2024/08/21/nearly-half-of-all-corporate-election-spending-in-2024-cycle-comes-from-crypto-companies-study-finds/
Despite being a relatively new industry, the crypto sector has made notable political contributions, positioning itself just below fossil fuels in total known contributions since 2010.
Coindeskhttps://www.coindesk.com/policy/2024/08/21/nearly-half-of-all-corporate-election-spending-in-2024-cycle-comes-from-crypto-companies-study-finds/
Read at Coindesk
#political-contributions #elections-2024 #corporate-influence #public-policy
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