The U.S. cryptocurrency industry has outpaced traditional election cycle spenders, raising over $238 million for the 2024 election, according to Breadcrumbs and FOX Business analysis. This surpasses contributions from oil, gas, and pharmaceutical sectors and Citadel, a major Wall Street donor. Coinbase, Ripple, and Andreessen Horowitz contributed $160 million toward pro-crypto super PACs. Roughly $181 million of these funds went to super PACs, with the remaining $57 million directly supporting candidates like Donald Trump and Kamala Harris. Trump received $22 million in industry donations, primarily in cryptocurrency, while Harris received $12 million.
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00:00It's Benzinga bringing Wall Street to mainstream.
00:02U.S. cryptocurrency industry has outpaced traditional election cycle spenders,
00:06raising over $238 million for the 2024 election.
00:10This according to Breadcrumbs and Fox Business Analysis.
00:13This surpasses contributions from oil, gas, and pharmaceutical sectors,
00:17as well as Citadel, a major Wall Street donor.
00:20Coinbase, Ripple, and Andreessen Horowitz contributed $160 million towards pro-crypto
00:25super PACs.
00:26Roughly $181 million of these funds went to super PACs, with the remaining $57 million
00:31directly supporting candidates like Donald Trump and Kamala Harris.
00:34Trump received $22 million in industry donations,
00:37primarily in cryptocurrency, while Harris received $12 million.