Crypto PACs are pouring money into 2024 elections
Posted on AllSides May 13th, 2024
From The Left
Illustration: Annelise Capossela/Axios
Crypto is increasingly throwing its weight behind industry-friendly candidates.
The big picture: Crypto super political action committees, commonly known as PACs, have raised more than $100 million for 2024 congressional elections, according to a recent report by Public Citizen.
Coinbase and Ripple have accounted for roughly half that.
And efforts to this point would appear to be making a difference.
The latest: On Friday, Stand With Crypto, the nonprofit advocacy group started by Coinbase, announced its intent to raise more funds for its own PAC targeting House and Senate elections....
