The Crypto Industry Is Growing Influence in American Politics

Political donations from the U.S. crypto industry have reached a record high, topping $190 million ahead of the final round of the election campaign, CNBC reported on Oct. 20.

That's significantly more than in previous election cycles, and nearly 13 times the $15 million spent in 2020.

The industry's growing influence is evident as large sums are pouring into key congressional and senator races that will shape future U.S. regulatory policy.