According to PANews, a report by Public Citizen reveals that nearly half of corporate political donations in the 2024 election cycle are from cryptocurrency companies. These firms have contributed $119 million to super political action committees (PACs) that support cryptocurrency, accounting for 48% of total corporate donations. Non-partisan PACs, such as Fairshake, which back pro-crypto candidates, are the primary beneficiaries of these contributions. The report highlights that the scale of political spending by the crypto industry is unprecedented, second only to the fossil fuel sector since 2010.