Public Citizen just released a must-read report on the cryptocurrency industry’s spending this election cycle: https://www.citizen.org/article/big-crypto-big-spending-2024/
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Public Citizen just released a must-read report on the cryptocurrency industry’s spending this election cycle: https://www.citizen.org/article/big-crypto-big-spending-2024/
Nearly half of all corporate money contributed this cycle has come from cryptocurrency backers!
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Mrs.Alice :verified_twit:✨replied to Molly White on last edited by
@molly0xfff Any indication of a partisan lean in those crypto candidates? I’d guess towards the right but I know SBF liked playing both sides of the aisle, so I’m curious
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Molly Whitereplied to Mrs.Alice :verified_twit:✨ on last edited by
@seekingfreedom My https://www.followthecrypto.org/ website tracks where they’re spending it. So far they’ve spent slightly more (55%-45%) supporting Republican candidates.
They’ve spent heavily to oppose Democrats, although because so much of the spending thus far has been in primaries, a lot of that spending benefitted other Dems rather than Republicans (see https://www.followthecrypto.org/spending for the breakdown).
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@molly0xfff
What is their end goal? Is it deregulation (i.e. no prosecution) or maybe even that crypto reserve Trump promised (infinite bailout against crashes)? -
@drukac yes, deregulation mostly. one of the biggest goals is seeing much of the cryptocurrency removed from the SEC’s jurisdiction and placed under the CFTC (a smaller agency with fewer resources)