Crypto platforms spent big on politics before election | Information Age
Large cryptocurrency platforms poured nearly half a million dollars into Australia’s two major political parties in the lead-up to last year’s federal election ahead of major regulatory reforms promised by both sides of the aisle.
The donations include nearly $50,000 by a large crypto exchange to the Labor MP who would later be appointed the Assistant Minister responsible for the digital economy.
Data released by the Australian Electoral Commission (AEC) this week revealed that large cryptocurrency firms including Coinbase and Swyftx made significant donations to Labor and the Liberals in 2024-25, ahead of the May 2025 federal election and Labor’s landslide victory.
Cryptocurrency reforms and the potential for stronger…
