alt Hacker NewsOnly 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...
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.