The cryptocurrency industry spent heavily in the 2024 US elections, influencing the outcome and shaping future regulations. This follows years of scandals and a decline in public trust. The industry's actions raise concerns about the impact of big money in politics.
- Cryptocurrency groups spent over $265 million in the election.
- They supported candidates friendly to their interests.
- This led to a Congress more favorable to cryptocurrencies.
- Public trust in crypto remains low, despite industry efforts.
| Fact | Number |
|---|---|
| Crypto political spending since 2010 | $129 million |
| Crypto's share of corporate political contributions | 15% |
| Estimated number of Americans who own crypto | 18 million |
| Percentage of Americans with little to no confidence in crypto | 63% |
