State legislative records and analysis by legal experts or reputable news outlets

Crypto PACs Raise $245 Million, Secure Nearly 300 Pro-Crypto Lawmakers, Half of All Corporate Dollars

Nov 23, 2024, 10:00 PM

Crypto-related Political Action Committees (PACs) and other groups tied to the industry raised over $245 million during the recent election cycle, according to Federal Election Commission data. This influx of funds contributed to nearly 300 pro-crypto lawmakers securing seats in Congress, resulting in what is being described as 'America's most pro-crypto Congress ever.' Crypto accounted for nearly half of all corporate dollars that flowed into the election, as reported by nonprofit watchdog Public Citizen. The substantial financial support from the crypto industry, which included tens of millions, aimed to vote out critics and vote in allies of the industry.