Crypto-related PACs have raised over $100 million for the U.S. elections, with Coinbase and Ripple Labs as major supporters

ChainCatcher news, according to Fortune, a new report from the consumer rights organization Public Citizen details the extent of donations in the cryptocurrency industry, finding that super PACs (Political Action Committees) related to digital assets have raised over $102 million for the 2024 election, ranking third among all super PACs, with more than half coming from direct corporate spending, primarily provided by Coinbase and Ripple Labs.

Additionally, in the six completed primaries where cryptocurrency super PACs intervened, only one crypto-backed candidate lost.