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Crypto Bosses Flex Political Muscle With 5,200% Surge in US Giving

  • $26 million in donations in election cycle beats other sectors
  • Industry faces increased scrutiny from lawmakers, regulators
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More Regulations Coming for Crypto?

Crypto executives are now pouring more money into US politics than many of America’s industrial stalwarts.

Political donations from the sector surged to more than $26 million during 2021 and the first three months of this year. That influx of cash is outpacing spending by internet giants, drug makers and the defense industry -- providing a fresh pool of financing for candidates heading into November’s congressional elections.