Crypto industry spending ‘unprecedented’ money on 2024 election: Report

The cryptocurrency industry has spent more than $119 million on federal elections in 2024 to help boost crypto-friendly candidates and defeat crypto skeptics, according to a new report from Public Citizen. This “unprecedented” spending represents nearly half — 48 percent — of all corporate money contributed to this year’s elections, the report from the progressive consumer rights watchdog group found. “That cryptocurrency companies like Coinbase and Ripple are able to spend over a hundred million dollars to silence crypto’s critics and elevate its backers embodies everything that is wrong with...