On August 22, according to a report released on Wednesday by Public Citizen, a corporate influence watchdog, nearly half of corporate political donations in the 2024 election cycle came from cryptocurrency companies. Public Citizen's report is based on data provided by the government transparency organization OpenSecrets. The report found that so far, 48% of corporate election spending has come from crypto companies such as Ripple and Coinbase. The vast majority of these donations have flowed into super political action committees (PACs) that support cryptocurrencies, such as Fairshake. The report pointed out that of the $203 million raised by Fairshake, $107.9 million came directly from crypto companies, and the rest came from well-known figures in the technology and crypto industries, including large donations from the Winklevoss brothers and Coinbase CEO Brian Armstrong.
