Crypto Political Donations Hit $190M, How Will Upcoming Elections Impact Industry?

The U.S. crypto industry has made unprecedented strides in political donations, reaching over $190 million in the 2024 election cycle. This surge marks a sharp contrast to the 2020 election, where crypto donations totaled just $15 million. Moreover, it marks a 94% jump from the 2022 midterms, where donations hit $98 million. James Delmore and the research firm Breadcrumbs attribute this dramatic increase to growing political interest in crypto as presidential candidates take pro-crypto stance.