Free Crypto Signals Join Our Telegram

Crypto Super PACs Accumulate Over $100 Million for US Election Campaigns

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


Crypto Super PAC donations exceed $100 million as industry executives and firms support pro-crypto candidates.

Crypto Super PACs have amassed $102 million before the US elections to support pro-crypto candidates amid growing adoption.

A new report utilizing data from opensecrets.org reveals that Super PACs backed by cryptocurrency firms and executives have surpassed the $100 million milestone.

The report indicates that the crypto Super PAC ranks third in total fundraising, following supporters of Florida Governor Ron DeSantis and Democratic Senate candidates in the upcoming election.

As the 2024 US Elections approach, crypto firms and executives are contributing funds to promote the industry’s interests amid calls for clearer market rules and regulations.

Crypto Super PAC Donors Encounter Regulatory Challenges
Four out of the top eight corporate crypto Super PAC donors have recently encountered regulatory challenges with the Securities and Exchange Commission (SEC).

The crypto community views the SEC’s regulatory approach as an obstacle, criticizing it for potentially deterring investors from the country.

Ripple Labs is embroiled in an ongoing legal dispute with the SEC, which is seeking $2 billion in fines. Additionally, Coinbase and Kraken have also faced charges from the SEC.
Crypto Super PACs Accumulate Over $100 Million for US Election CampaignsCoinbase and Ripple Lead Crypto Super PAC Donations
Coinbase has emphasized the need for clear regulations, taking legal action against authorities on behalf of the broader market. The publicly traded cryptocurrency exchange leads crypto Super PAC donations with over $37 million, which includes $23.5 million from the exchange itself and contributions from affiliated members.

As the largest US crypto exchange by market capitalization, Coinbase spends millions annually on lobbying.

Ripple Labs comes in second among donors with around $20 million, despite its ongoing legal battle with the SEC, which has accused the company and its executives of offering unregistered securities.

Venture Capitalist firm Andreessen Horowitz also contributes significantly to crypto projects. Both founders have donated $11 million each to the crypto Super PAC.

According to the firm, promoting technology is crucial for the future of humanity, and thus, they support candidates who share their technological values.

To have the best trading experience with us,open an account at Longhorn

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *