July 12th, 2024

Follow the Crypto

Cryptocurrency PACs have raised $203 million for 2024 elections, influencing Congressional races like Blake Masters in Arizona and Jamaal Bowman in New York. Top PACs include Make America Great Again Inc. and Fairshake.

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Follow the Crypto

Cryptocurrency-focused political action committees have raised over $203 million to influence the 2024 elections, with more than $38 million already spent. These PACs have heavily influenced various Congressional races, despite the industry's relatively small size. The most well-funded super PACs include Make America Great Again Inc., Fairshake, and Never Back Down Inc. Recent expenditures show significant amounts allocated to support or oppose specific candidates, such as Blake Masters in Arizona and Jamaal Bowman in New York. The top races influenced by crypto industry money are highlighted, showcasing the impact of these PACs on the political landscape. The list of highly funded super PACs reveals a mix of supporters for different political interests, with a focus on cryptocurrency, conservative, and environmental issues. Overall, cryptocurrency PACs are playing a significant role in shaping the outcomes of the upcoming elections through substantial financial contributions.

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By @neilk - 4 months
Molly White’s latest project, tracking political contributions of the cryptocurrency industry. White’s data shows these PACs dwarf even much larger industries in this political cycle.
By @curtisblaine - 4 months
Everytime I see this kind of discussion I remember that there are companies not breaking the law whose only way of surviving is bitcoin, because the big two payment circuits (visa and mastercard) have decided in concert, to not process their payments. Gab and Parler come to mind.
By @Quindecillion - 4 months
This is the first time I've come into a crypto thread on HN and the pro-crypto people seem to outnumber the anti-crypto people.

Is there a vibe shift happening on HN?

By @nailer - 4 months
Any breakdown for what incumbent banks, payments platforms and remittance organizations have spent to maintain existing dominance of these industries?

Every time you purchased something with a card, you give the card provider 2% of the price. There's a lot of interest in maintaining that.

By @monero-xmr - 4 months
A voluntary monetary system that you can use to avoid crushing money printing and inflation? What monsters
By @curtisblaine - 4 months
Not american, so I don't really get it. As far as I understand, everyone spends to influence the US elections, in one direction or the other. Why is this special?
By @robbyiq999 - 4 months
The government is a well intended representative of the people. The government has a solution to money and currency already. The government makes choices on monetary policy with the best interest of the citizenry in mind. Crypto is not good. The government is good.
By @robbyiq999 - 4 months
Crypto!? No thanks. I like my currency constantly inflating and printed on paper IOUs thank you very much.