this post was submitted on 01 Oct 2024
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According to the consumer advocacy group Public Citizen, almost half of all corporate money contributed to this year's US election campaigns has come from crypto backers and politicians are bending to their will with promises to reduce regulation and consumer protections.

I expected the superPAC's would mostly fund Republicans, but most of the money seems to be going towards Democrats. Another interesting development:

PAC backed candidates were big winners. According to the data, out of 42 primary races where crypto-backed super PACs intervened, their preferred candidate won 86% of the time.

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