Analysts estimated crypto companies for US election at $ 134 million

Cryptocurrency companies spent $ 134 million to finance US election programs in 2024. This is stated in the report of the Center of Political Accounting (CPA).

It caused fears about the impact of the industry on political processes and possible consequences for regulation.

“Companies that make such contributions may seek to create a favorable regulatory environment, but these political donations are even more publicized by society and exposing firms to legal, reputational and business risks that cannot be ignored,” the report reads.

Much of the funds were directed through the political action committee (PAC) Fairshake, supported by Coinbase, Ripple and Andreessen Horowitz. PAC has allocated more than $ 40 million to finance candidates who adhere to a pro-criticate position.

Some regulators have already paid attention to the activity of crypto companies. In August 2024, the non -profit organization Public Citizen filed a complaint against Coinbase to the Federal Election Commission. The representatives of the group indicated the probable violation of the Federal Election Financing Law.

Despite his criticism, Coinbase later allocated another $ 25 million Fairshake for the 2026 intermediate elections.

“The rates are too high to stand aside, and that is why we are proud of Coinbase that we can contribute,” the company said.

The author and the intergovernmental expert in blockchain Andy views these costs as “necessary for the clarity of regulation, which is extremely important for stability and growth.”

“This will probably increase the trust of investors by reducing uncertainty, as can be seen in the example of victories of cryptocurrency candidates, which contributed to the growth of moods in the market, for example, the post -election growth of bitcoin,” the expert said.

As for the “regulatory capture” scenario, in which the interests of the great players will be dominated by the rest, Lian sees in this part of the organic growth of the formed crypto industry.

The debate about the role of digital assets in politics took place after the crash of the Libra meme, indirectly related to President Argentina Havier Miley. According to Lookonchain, some users have twice recorded high losses from investment in token. The total losses of almost 86% of Libra traders amounted to $ 251 million, Nansen reported.

According to the report, after the scandal with the Argentine meme, more than 100 complaints of fraud by state bodies were filed. This indicates the risks associated with the promotion of the country’s executive power of “any kind of unregulated securities.”

Recall that the International Football Federation (FIFA) studies blockchain technology and the possibility of starting its own token to interact with the global base of fans.

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