From Nasdaq Corporation:

– The cryptocurrency industry is heavily involved in the 2024 U.S. election, supporting crypto-friendly candidates in Super Tuesday primary contests. Three super PACs backed by funds from Coinbase and the Winklevoss twins have spent at least $13 million in primary races, indicating increasing influence in politics.
– These super PACs have raised nearly $102 million, with the industry contributing about $59.2 million to the 2024 election cycle. Candidates like Katie Porter in California and Shomari Figures in Alabama are key targets for support from these PACs, with pledges to embrace digital assets and technological advancement.
– In Texas, Representative Julie Johnson is supported by Protect Progress, while Defend American Jobs has allocated over $1 million to back Republicans in North Carolina. The industry’s interest in the election follows a major financial fraud involving FTX founder Sam Bankman-Fried, who donated over $100 million to U.S. political campaigns.



Read more at Nasdaq Corporation: Super Tuesday to test resurgent crypto industry’s political might