The Facts

• A report from advocacy group Public Citizen claims that organizations and companies in the cryptocurrency industry have donated $119M to federal campaigns for the 2024 election, making up 48% of all corporate contributions.

• Most of this money went to political action committees (PACs) such as Fairshake, which received support from groups such as crypto exchange Coinbase. Fairshake received $108M in corporate donations, with the PAC having what Public Citizen calls "unprecedented" corporate backing.

• This year, Fairshake has endorsed an equal number of Democrats and Republicans in House races, nine each, as well as two Democrats and one Republican vying for a Senate seat.This year, Fairshake has endorsed an equal number of Democrats and Republicans in House races, nine each, as well as two Democrats and one Republican vying for a Senate seat. Fairshake says it has raised $169M in total this election.