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Political Donations to Crypto Industry in 2024 US Election Dwarf SBF Heyday
by Donald Trump encounter with big-time donors at tomorrow’s Bitcoin conference is just the tip of the iceberg when it comes to the digital asset sector’s renewed prominence in the current political campaign cycle.
According to the tracker, industry donors have invested more money in the 2024 election than in all previous cycles combined. Open Secrets — and that’s not even counting all the donations from the second quarter. In the 2022 election cycle, cryptocurrency traders and their top venture capitalists donated $88 million, a Bloomberg analysis of Federal Election Commission records found. That figure includes donations that recipients then extorted from FTX’s Sam Bankman-Fried and his associates.