In a striking display of financial muscle, cryptocurrency companies, such as Ripple and Coinbase, and investors have collectively contributed $78 million to super Political Action Committees (PACs) focused on shaping the 2024 US elections. This substantial sum underscores the crypto industry’s intensified efforts to sway political tides favoring digital asset-friendly policies.
Ripple And Others Rally Behind Pro-Crypto Super PACs
Influential players like venture capital behemoth Andreessen Horowitz, US cryptocurrency exchange Coinbase, Ripple, and the Winklevoss twins Cameron and Tyler are leading the charge. Their backing marks a significant revival of the crypto industry’s political operations, especially following the fall of previous crypto megadonor Sam Bankman-Fried.
As reported by Politico, these contributions are aimed at supporting candidates who align with crypto-positive stances. This strategy surfaces at a critical juncture, with the industry under scrutiny from federal
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