Billion

Raise

Crypto super PACs have so far amassed an amount equal to $102 million in their continued efforts to influence US elections. Most <a href="https://www.citizen.org/wp-content/uploads/crypto-fairshake-super-pac-report-2024.pdf" target="_blank" rel="noreferrer noopener">funds</a> come from well-known corporations such as Coinbase and Ripple Labs. 
Venture capitalists and billionaire CEOs have also made large contributions, with the Andreessen Horowitz founders and the Winklevoss twins donating $11 million and $5 million, respectively. Additionally, Coinbase CEO Brian Armstrong has also contributed $1 million. 
&nbsp;According to the<a href="https://www.pewresearch.org/short-reads/2023/04/10/majority-of-americans-arent-confident-in-the-safety-and-reliability-of-cryptocurrency/" target="_blank" rel="noreferrer noopener"> Pew Research Centre</a>, the crypto industry is becoming more popular, but just 17% of Americans have used cryptocurrency assets, and more than 75% are concerned about their safety. This disparity, however, emphasizes the corporate versus insufficient consumer perspectives in the political sphere.&nbsp; 
The 40 million dollars Sam Bankman-Fried spent on buying influence in the 2022 elections is symbolic, and it shows the sector’s ambitions to control policy through campaign contributions. 
Also Read: <a href="https://www.cryptotimes.io/2024/05/07/block-to-raise-1-5-billion-in-senior-notes-offering/" target="_blank" rel="noreferrer noopener">Block to Raise $1.5 Billion in Senior Notes Offering</a>.

Crypto PACs Fundraise $102M for US Elections

The Crypto Times

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