CandleFocus Crypto Titans Pour $200M into U.S. Election, Backing Trump and Harris Campaigns
2024-10-31
Author: Content Editor
The cryptocurrency sector has contributed over $200 million to support key candidates in the 2024 U.S. presidential race, according to recent filings from the Federal Election Commission. These contributions are spread across political action committees (PACs), candidates, and political organizations, emphasizing the industry's ambition to shape regulatory policies in the next administration. Notably, Donald Trump has received substantial financial support from prominent figures in the crypto industry, including Howard Lutnick, who alone contributed $6.4 million. The Winklevoss twins, Jesse Powell, Bijan Tehrani, JP Richardson, and Gary Cardone have also donated significant amounts to Trump's campaign. Vice President Kamala Harris has also gained notable support from the crypto industry, with Ripple co-founder Chris Larsen contributing $10 million to her campaign. Tech investor Vinod Khosla and Coinbase's early investor Reid Hoffman have also backed Harris. Elon Musk has played a significant role in Trump's campaign, channeling $72 million through America PAC. The surge in crypto donations highlights the industry's strategic influence in shaping future digital asset regulations.
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