Crypto political donations surge to $94 million pre election, exceed previous elections by 13%

Source Fxstreet
  • Crypto political action committees and industry donors have poured $94 million into Federal Political Committees since 2023. 
  • Coinbase and Ripple Labs donated over $40 million to political campaigns, supporting the cause for positive crypto regulation. 
  • A Digital Currency Group poll shows that crypto has become a major issue among voters in the 2024 US elections. 

Crypto industry giants supported political campaigns in the US looking for pro-crypto governance in the US. A Bloomberg report from May 17 shows that crypto donors have spent $94 million in an effort to get pro-crypto regulation in the US. 

Most political organizations have pooled member contributions and donated to funds to campaigns for or against candidates, ballot initiatives or legislation. The Super Pac Fairshake has raised over $85 million to support pro-crypto candidates. 

Crypto donations to support a pro-crypto candidate

The organization pool members are contributing and donating funds to campaigns that are pro-crypto, in an effort to bring a pro-crypto regulation in the US. Bloomberg reported that crypto industry donors injected $94 million into federal political committees. 

Giants like crypto exchange Coinbase and Ripple Labs that are currently embroiled in a legal battle with the Securities and Exchange Commission (SEC) have contributed their fair share to donations. 

Coinbase CEO Brian Armstrong personally donated $1 million to the political action committees. Jeffrey Yass is the largest crypto industry contributor and has supported Republican candidates with his $70 million donation. 

Crypto has emerged as a key issue in US political campaigns as several key jurisdictions regulate digital assets. Crypto industry giants acknowledge that it is critical to establish strong regulatory support within the US for projects and the market to flourish. 

The 2024 presidential election is shaping the future of crypto and has emerged as a major issue for comments on both sides. Voters are receiving contrasting views from candidates, ranging from hostility to pro-crypto stances. 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin Price Forecast: Drops Below $80,000 in Fifth Straight Loss, May Test $75,000 as FOMC Meeting Approaches Bitcoin falls below the $80,000 mark as the October FOMC decision approaches, threatening a further dip toward $75,000.On October 26, Bitcoin (BTC) again lost the key psychological mark o
Author  TradingKey
10 hours ago
Bitcoin falls below the $80,000 mark as the October FOMC decision approaches, threatening a further dip toward $75,000.On October 26, Bitcoin (BTC) again lost the key psychological mark o
placeholder
Gold breaks $4,000 as oil becomes the inflation problem — $3,943 is the line that mattersSpot gold closed at $3,995.6 on October 23, down about 4.1% for the week and at its lowest since mid-July, and traded near $3,988 on October 26 even as Brent crude settled at $116.72 and Middle East supply risk stayed elevated. The war premium stopped working because oil is now the inflation trade: December Fed hike odds are 68.9% and the 10-year yield is 4.988%. Here are the three numbers, the transmission chain, and the July low at $3,943 that decides whether this is a bottom or a bigger correction.
Author  Irene Q.
13 hours ago
Spot gold closed at $3,995.6 on October 23, down about 4.1% for the week and at its lowest since mid-July, and traded near $3,988 on October 26 even as Brent crude settled at $116.72 and Middle East supply risk stayed elevated. The war premium stopped working because oil is now the inflation trade: December Fed hike odds are 68.9% and the 10-year yield is 4.988%. Here are the three numbers, the transmission chain, and the July low at $3,943 that decides whether this is a bottom or a bigger correction.
placeholder
Big Tech's $800 billion AI bill faces its first real test — free cash flow is the judgeAlphabet and Microsoft report after the close on October 28, Amazon on October 29, with hyperscaler AI capex running near $800 billion a year. Meta's negative free cash flow and 9.40% drop on October 22 was the warning; this week's prints decide whether cloud growth and backlog can pay for the buildout. Here are the consensus numbers, the free-cash-flow table and the two-sided test.
Author  Irene Q.
14 hours ago
Alphabet and Microsoft report after the close on October 28, Amazon on October 29, with hyperscaler AI capex running near $800 billion a year. Meta's negative free cash flow and 9.40% drop on October 22 was the warning; this week's prints decide whether cloud growth and backlog can pay for the buildout. Here are the consensus numbers, the free-cash-flow table and the two-sided test.
placeholder
Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - October 26, 2026Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 26, 2026. Read on for the details.
Author  Mitrade
18 hours ago
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 26, 2026. Read on for the details.
placeholder
WTI drops to near 101.00 as Trump rules out immediate Iranian strikesWest Texas Intermediate (WTI) oil price declines after registering over 4% gains in the previous trading day, hovering around $101.10 during Asian hours on Monday.
Author  FXStreet
18 hours ago
West Texas Intermediate (WTI) oil price declines after registering over 4% gains in the previous trading day, hovering around $101.10 during Asian hours on Monday.
goTop
quote