Nearly half of corporate political donations in the 2024 election cycle came from cryptocurrency companies, according to a report released Wednesday by corporate influence watchdog Public Citizen. Public Citizen's report, which is based on data provided by government transparency group OpenSecrets, found that 48 percent of corporate election spending so far has come from crypto companies like Ripple and Coinbase. The vast majority of these donations have gone to pro-cryptocurrency super political action committees (PACs) like Fairshake.
The report notes that 107.90 million of the $203 million Fairshake raised came directly from crypto companies, with the remainder coming from big donations from prominent figures in the tech and crypto industries, including the Winklevoss brothers and Coinbase CEO Brian Armstrong.
Report: Nearly half of corporate election spending in 2024 U.S. election cycle will come from crypto companies
2024-08-22 00:47:04
22 news according to corporate influence oversight agency publicdesk3cryptocurrencydesktopCrypto News
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