Crypto Firms Dominate 2024 Election Spending

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crypto business

Rolling Stone

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The Crypto Industry Emerged As a ‘Political Money Death Star' in 2024

Summary

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80% Informative

Nearly half of the $274 million in corporate money contributed during this year 's elections came from crypto firms.

The industry's donations appear to be both about achieving its narrow policy agenda.

After its 2024 spending spree, crypto industry cash is poised to account for a staggering 15 percent of all known corporate contributions since Citizens United .

All three of the candidates Fairshake spent against, per an accounting by OpenSecrets , went down in defeat.

While only 4 of 26 candidates they backed lost their races, Fairshake already has $78 million on hand for the next cycle.

During his 2024 bid, President-elect Donald Trump actively courted crypto firms, pitching himself as the crypto president.

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English

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