Crypto firms pour $119M into 2024 US federal elections, rivaling traditional powerhouses
Crypto companies have significantly increased their involvement in the US federal elections in 2024, contributing over $119 million so far, according to a Public Citizen report published on Aug. 21
The report highlighted that this amount represents almost half of all corporate contributions in this election cycle, which currently total $248 million
The report added that increased spending by the crypto sector also raises questions about the broader implications for corporate influence in US elections. Should this trend continue, it could lead to other industries adopting similar strategies, potentially increasing the role of corporate contributions in shaping election outcomes
