News Explorer — Coinbase and Ripple Become Largest Corporate Political Contributors in 2024 US Congressional Races

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Aug 22, 8:29 am

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Coinbase and Ripple Become Largest Corporate Political Contributors in 2024 US Congressional Races

Major crypto companies, including Coinbase and Ripple, have become the largest corporate political contributors, donating a significant portion of the $248 million to candidates ahead of the upcoming U.S. presidential election. A report from Public Citizen warns that these large crypto donations could influence lawmakers to weaken regulations, potentially putting consumers at risk. In the last three election cycles alone, crypto corporations have contributed $129 million, representing 15% of total corporate contributions since the Citizens United ruling in 2010.

Major crypto companies, including Coinbase and Ripple, have become the largest corporate political contributors, donating a significant portion of the $248 million to candidates ahead of the upcoming U.S. presidential election. A report from Public Citizen warns that these large crypto donations could influence lawmakers to weaken regulations, potentially putting consumers at risk. In the last three election cycles alone, crypto corporations have contributed $129 million, representing 15% of total corporate contributions since the Citizens United ruling in 2010.

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