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Crypto Industry Pours $471 Million Into US Midterms, Nearly Double 2024

Crypto Industry Pours $471 Million Into US Midterms, Nearly Double 2024

Summary

  • The cryptocurrency industry donated $471 million to this year’s U.S. midterm elections, about twice the level seen in 2024.
  • Of the total, $302 million, or about 65%, went to Republicans, while $96 million was directed to Democrats.
  • By company, a16z, Coinbase, Ripple, and Crypto.com made major donations, while Reid Hoffman and the Winklevoss brothers led individual giving.

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Photo: Shutterstock
Photo: Shutterstock

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