The author of Public Citizen’s report, research director Rick Claypool, described the crypto industry’s political spending as “unprecedented.” Crypto companies’ direct spending in the past three election cycles totals $129 million, or 15% of all known corporate contributions since 2010, the year that the U.S. Supreme Court ruled in Citizens United v. Federal Election Commission that corporations have a First Amendment right to make unlimited donations to candidates via PACs.
Source: https://www.coindesk.com/policy/2024/08/21/nearly-half-of-all-corporate-election-spending-in-2024-cycle-comes-from-crypto-companies-study-finds/?utm_medium=referral&utm_source=rss&utm_campaign=headlines