PANews reported on August 22 that according to CoinDesk, a report released by the public watchdog organization Public Citizen showed that nearly half of corporate political donations in the 2024 election cycle came from crypto companies. These companies have donated $119 million to super political action committees (PACs) that support cryptocurrencies, accounting for 48% of total corporate donations. Among them, non-partisan PACs such as Fairshake that support crypto candidates are the main beneficiaries. The report pointed out that the scale of political spending in the crypto industry is "unprecedented," second only to the spending of the fossil fuel industry since 2010.
