Ripple
August 21, 2024
Ripple News - August 21, 2024
Crypto companies like Coinbase and Ripple are significantly influencing the 2024 U.S. presidential election, contributing over $119 million to political campaigns. This episode explores the implications of their financial power and ongoing legal battles with the SEC.
() Introduction
() Crypto Industry's Influence on 2024 U.S. Presidential Election
Crypto companies are significantly influencing the 2024 U.S. presidential election, with over $119 million funneled into U.S. elections this year, as reported by Public Citizen. Much of this funding is directed towards a non-partisan super PAC aimed at electing pro-crypto candidates and opposing those skeptical of the industry. Crypto corporations, including Coinbase and Ripple, have become the leading corporate political spenders in 2024, contributing nearly half of all corporate donations. This substantial financial involvement has drawn criticism, highlighting concerns about the impact of the Supreme Court’s Citizens United decision. Additionally, both Coinbase and Ripple are currently facing securities fraud charges from the U.S. Securities and Exchange Commission.
