Crypto Industry Surpasses Previous Election Cycles in Political Contributions for 2024 US Elections

IconCryptoNewsTerminal Staff26 Jul, 2024

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Crypto Industry Surpasses Previous Election Cycles in Political Contributions for 2024 US Elections

According to Bloomberg, the crypto industry has surpassed its previous election cycle contributions combined, with a staggering $170 million already invested in the 2024 U.S. election. Notably, this figure excludes the upcoming last-quarter fundraising. This unprecedented level of spending highlights the growing political influence of the crypto industry, demonstrating its determination to shape the regulatory landscape and foster a favorable environment for its operations.