In the run-up to the 2024 US election, crypto donations have already amassed $190 million. Such a huge amount reflects how strongly interdependent the crypto industry has become with the world of politics.
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But as the influence of crypto grows ever-wider and more powerful, its impact is not lost on politicians. It’s no surprise, then, that political campaigns are seeking to cash in on this influence. But will the industry thrive under new political leadership, or will there be increased regulation?
Crypto donations have exploded compared to the elections of previous years. Donations in 2020 were minuscule and show how fast the sector has matured. A democrat and republican candidate is now competing to win the favor of the crypto community, and that’s the moment when everybody wants to see, officially, digital assets enter the mainstream