As the US midterms approach, crypto donors are splurging on campaigns
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(Bloomberg) — Wealthy crypto investors are pouring money into US politics, especially going into November’s congressional elections.
Over the past 15 months or so, crypto-affiliated donors have sent about $70 million to political causes – that’s more than what traditional players like defense and big pharma are spending.
One of the most prolific donors is none other than Sam Bankman-Fried, the billionaire co-founder of FTX. Bankman-Fried isn’t afraid to spend big here: he has said that he could disburse up to $1 billion on the 2024 presidential election.
To discuss how crypto is shaping the political landscape, Zach Cohen from Bloomberg Government and Bloomberg campaign finance reporter Bill Allison join this episode.
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