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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....

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