Crypto industry surpasses traditional giants with at least $238M in election spending
Coinbase chief legal officer Paul Grewal discusses the ’emergence of the crypto voter’ on ‘The Claman Countdown.’
The U.S. cryptocurrency industry has overtaken some traditional big spenders in the 2024 election cycle in a bid to make Washington more favorable toward digital assets.
According to an analysis of Federal Election Commission filings by blockchain analytics platform Breadcrumbs and FOX Business, the digital asset industry has raised at least $238 million so far this election cycle from corporate contributions to super PACs and individual donations to candidates from top industry leaders. That’s more than the oil and gas industry, the pharmaceutical industry and top Wall Street donor hedge fund…
