Crypto Backers Are Leading The ‘PAC’ This Election Cycle
By: Ariel Solomon
The cryptocurrency sector is leading the pack on corporate spending during this 2024 election cycle. With over $119 million dollars spent to influence federal elections, primarily by Coinbase and Ripple, crypto backers are putting their money where their mouth is and our presidential candidates are taking notice. Donald Trump, who was previously skeptical of cryptocurrencies, has spoken at Crypto conferences this year and has pledged to make the U.S. the Crypto capital of the planet. Kamala Harris’ team has similarly reached out to crypto-backing organizations to discuss further alignment of interests.