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by gwbas1c 28 days ago
Paragraph #2 directly answers your question:

> More than one-third of all corporate money contributed to this year's November elections, and primary elections leading up to them, has come from the crypto industry, making it the top corporate political spender, the group said.

2 comments

Only one-third? They are slowing down. Crypto companies accounted for almost half of corporate donations in the 2024 election cycle [1].

[1] https://www.cnbc.com/2024/08/23/crypto-companies-are-pouring...

My gut reaction to this was "Duh, the money is in AI now, leaving less for crypto".

Then I looked at the numbers.

TFA: $189M so far for 2026.

CNBC: $119M so far for 2024.

TFA has already surpassed the numbers for 2024! I don't know what to make of that other than a magnification of the ills in the American political system. And yeah, I'm sad crypto still has money even with all the snAIk oil going around. Turns out I don't really understand how money works at this scale.

Caveat lector: there's of course probably some explanation I missed. Like maybe we're counting firms that has double-dipped in crypto and AI.

Definitely a lot.. thanks, missed that