Campaign finance reports and disclosures from the Federal Election Commission (FEC)

Pro-Crypto Super PAC Spends $203M in Ohio Senate Race, Ripple's Larsen Donates $1M to Harris

Oct 11, 2024, 03:05 PM

Pro-crypto super PAC, Defend American Jobs, has become the largest spender in the Ohio Senate race, surpassing other major contributors. Funded by prominent crypto companies like Coinbase and Ripple, the super PAC has outspent traditional entities, including Koch Industries, with a total of $203 million. Additionally, Ripple co-founder Chris Larsen has made a significant $1 million donation in XRP to Future Forward USA, a super PAC supporting Kamala Harris, marking the first documented cryptocurrency donation to a U.S. Democratic presidential candidate. This influx of crypto funding highlights the growing influence of the tech sector in political campaigns, with approximately 50% of U.S. voters reportedly supporting pro-crypto policies.