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Crypto industry wields growing influence in US politics with donations climbing over $190 million

Crypto-driven donations are playing a crucial role in toss-up districts as the industry tries to secure political allies.

CryptoSlate

Oct 22

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The global crypto market cap is $2.32 trillion, with a 24-hour volume of $77.38 billion. The price of Bitcoin is $67,285.94, and BTC market dominance is 57.3%. The price of Ethereum is $2,624.38, and ETH market dominance is 13.6%. The best-performing sector is eCommerce, which gained 54%. The Crypto Fear & Greed Index is currently Greed (70).

The crypto industry’s influence is making waves, from political donations exceeding $190 million in key US races to Stripe’s $1.1 billion acquisition of stablecoin platform Bridge. Ripple stays politically active with co-founder Chris Larsen’s $10 million XRP donation to Kamala Harris, while Bitcoin miners may be undervalued at a combined $28 billion. Catch up on the biggest headlines and insights shaping the crypto space today!

Crypto industry wields growing influence in US politics with donations climbing over $190 million

Political donations made by the US crypto industry have surged to record highs after surpassing $190 million as the final stretch of the election cycle approaches, CNBC reported on Oct. 20.