Nearly Half of All Corporate Election Spending in 2024 Cycle Comes from Crypto Companies, Study Finds

The author of Public Citizen’s report, research director Rick Claypool, described the crypto industry’s political spending as “unprecedented.” Crypto companies’ direct spending in the past three election cycles totals $129 million, or 15% of all known corporate contributions since 2010, the year that the U.S. Supreme Court ruled in Citizens United v. Federal Election Commission that corporations have a First Amendment right to make unlimited donations to candidates via PACs.