Crypto Sector Outspends Wall Street and Big Oil in U.S. 2024 Election Funding, Donates $238M

• The crypto industry has donated at least $238 million in the 2024 US elections.
• $160 million came from Coinbase, Ripple, and Andreessen Horowitz (a16z).
• Over $57 million was donated by executives from Ripple, a16z, and Winklevoss twins.

The crypto industry has surged ahead in political funding during the 2024 presidential election cycle, surpassing donations from the oil and gas, pharmaceutical sectors, and even Wall Street powerhouse Citadel.

This year’s election, set for November 5, has Republican candidate Donald Trump and Democratic candidate Kamala Harris vying for office, with each party drawing substantial support from various industries.

According to a report by FOX Business and blockchain analytics platform Breadcrumbs, data from Federal Election Commission filings reveal that crypto donations have totaled at least $238 million. This figure underscores the growing influence of the digital asset space in U.S. politics, as the crypto industry pushes for clearer regulations and a more favorable environment in Washington.

The $238 million total includes both corporate donations to super PACs and individual contributions by key players in the indu…

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