Crypto industry political donations for the 2024 US election have reached $94 million, a record high

BlockBeats news, on May 19, Bloomberg reported that the crypto industry has donated $94 million to the 2024 US election, a record high. This figure was $83 million in the previous election cycle (2020). Most of the donations came from political action committees (PACs).

In addition, Coinbase and Ripple Labs also contributed a lot of donations, donating $20.5 million and $20 million respectively.