Over $100 Million in Crypto Funds, Including Bitcoin (BTC), Raised for US Elections by Super PACs

• Crypto Super PAC donations have surpassed $100 million as crypto executives and firms donate toward pro-industry candidates.
• Coinbase and Ripple’s top donors list ahead of elections.
• Crypto companies seek to push pro-industry regulations.

Crypto Super PACs have raised over $100 million ahead of US elections, with Coinbase and Ripple leading the donations. The surge in donations highlights the crypto industry’s push for favorable regulations.

Crypto Super PACs Raise Over $100 Million

Crypto Super PACs have raised $102 million ahead of US elections to push pro-industry candidates as adoption soars. A new report based on data from opensecrets.org shows Super PACs backed by cryptocurrency firms and executives have soared above the $100 million mark. According to the report, the figures posted mean the crypto Super PAC ranks third in total amount raised behind backers of Florida governor Ron DeSantis and Democratic Senate candidates in the upcoming election. The run into the 2024 US Elections has seen crypto firms and executives pledge funds towards the sector’s interests following a clamor for clearer market rules and regulations.