{"id":27431,"date":"2024-08-22T23:05:17","date_gmt":"2024-08-22T20:05:17","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=27431"},"modified":"2024-08-22T20:02:17","modified_gmt":"2024-08-22T17:02:17","slug":"record-donations-from-cryptocurrency-companies-to-u-s-elections","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/record-donations-from-cryptocurrency-companies-to-u-s-elections\/","title":{"rendered":"Record Donations from Cryptocurrency Companies to U.S. Elections!"},"content":{"rendered":"<p>According to a report by Public Citizen, cryptocurrency companies like Coinbase and Ripple have donated $119 million to U.S. federal election campaigns.<\/p>\n<p>As Bitcoin (BTC) and the cryptocurrency industry play a significant role in the 2024 U.S. elections, substantial donations have been made from the crypto sector to federal election campaigns.<\/p>\n<p>CoinDesk reports that cryptocurrency companies have contributed $119 million to U.S. federal election campaigns.<\/p>\n<p>Public Citizen\u2019s latest report reveals that these donations account for nearly half of the total corporate donations, which amount to $248 million.<\/p>\n<p>A large portion of these funds has been directed to crypto-friendly super political action committees (PACs) like Fairshake.<\/p>\n<p>Among the major donors are <a href=\"https:\/\/coinengineer.net\/blog\/coinbase-lists-new-altcoin-across-protocol-acx-soars\/\">Coinbase<\/a>, Ripple (XRP), and other cryptocurrency companies.<\/p>\n<p>The report highlights that of the $203 million raised by Fairshake, $107.9 million came directly from cryptocurrency companies. This figure includes substantial donations from prominent figures in the tech and crypto industries, such as the Gemini founders and Coinbase CEO Brian Armstrong.<\/p>\n<p>Public Citizen\u2019s research director, Rick Claypool, noted that the political spending by the cryptocurrency industry in the 2024 elections is unprecedented.<\/p>\n<p>U.S. presidential candidate Donald Trump also announced that his campaign would accept BTC and other cryptocurrencies as donations.<\/p>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram<\/strong>,\u00a0<\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube\u00a0<\/strong><\/a>and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a> and updates<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to a report by Public Citizen, cryptocurrency companies like Coinbase and Ripple have donated $119 million to U.S. federal election campaigns. As Bitcoin (BTC) and the cryptocurrency industry play a significant role in the 2024 U.S. elections, substantial donations have been made from the crypto sector to federal election campaigns. CoinDesk reports that cryptocurrency<\/p>\n","protected":false},"author":1,"featured_media":7992,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[61,60,151,58,8082,509],"class_list":["post-27431","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-news","tag-bitcoin","tag-btc","tag-coinbase","tag-cryptocurrency","tag-rick-claypool","tag-ripple"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Record Donations from Cryptocurrency Companies to U.S. Elections! - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/record-donations-from-cryptocurrency-companies-to-u-s-elections\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Record Donations from Cryptocurrency Companies to U.S. Elections! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"According to a report by Public Citizen, cryptocurrency companies like Coinbase and Ripple have donated $119 million to U.S. federal election campaigns. 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