Crypto-related PACs have raised over $100 million for the US election, with Coinbase and Ripple Labs as major backers
ChainCatcher reported that according to Fortune, a new report from consumer rights organization Public Citizen details the scope of donations in the cryptocurrency industry and found that digital asset-related super PACs (political action committees) have raised more than $102 million for the 2024 election, ranking third among all super PACs, with more than half coming from direct corporate spending, mainly provided by Coinbase and Ripple Labs.
In addition, in the six completed primaries where cryptocurrency super PACs intervened, only one crypto-backed candidate lost.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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