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Crypto industry accounts for almost half of corporate donations in 2024 election, report says - TL;DR CNBC

Crypto industry accounts for almost half of corporate donations in 2024 election, report says

Publishing timestamp: 2024-08-23 11:30:01


Summary

Crypto companies have donated nearly $119 million to influence the 2024 U.S. elections, with most of the money going to super PACs supporting pro-crypto candidates. Both Democrats and Republicans are receiving funding from the crypto industry, with Fairshake being one of the top-spending PACs. The industry's strategy has been successful in primary races, but candidates are not openly promoting their stance on crypto. Democrats are trying to find common ground with the industry, while Trump has been leaning into being a pro-crypto candidate and receiving donations from digital asset executives.


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Keywords: breaking news: technologycoinbase global incbreaking news: politicsdonald j. trumpgovernment and politicscharles schumerkamala harrisbrian armstrongenergyjoe bidenpoliticstechnologybitcoinbusiness newsfintechcryptocurrency

Source: https://www.cnbc.com/2024/08/23/crypto-companies-are-pouring-money-into-2024-election-public-citizen.html


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