Nearly Half of All Corporate Election Spending in 2024 Cycle Comes from Crypto Companies:

According to a Wednesday report from corporate influence watchdog Public Citizen, nearly half of all corporate political contributions in the 2024 election cycle came from cryptocurrency companies.

Specifically, the report found that crypto companies like Ripple and Coinbase accounted for approximately $119 million out of a total of $248 million in corporate election spending. The vast majority of those donations have been contributions to Fairshake, a non-partisan super-political action committee focused on getting crypto-friendly candidates on both sides of the aisle elected.

The Public Citizen’s report claims to be based on data provided by government transparency group OpenSecrets.

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