Wealthy crypto investors are dumping a bunch of money into US politics, especially ahead of November’s congressional elections. Over the past 15 or so months, crypto-affiliated donors have sent roughly $70 million to political causes - topping what traditional players like defense and big pharma are spending.

One of the most prolific donors in the space is Sam Bankman-Fried, the billionaire co-founder of FTX. Bankman-Fried has said that he could spend up to $1 billion on the 2024 presidential election.

Zach Cohen from Bloomberg Government and Bloomberg campaign finance reporter Bill Allison join this episode to discuss how crypto is shaping the political landscape.

See omnystudio.com/listener for privacy information.

How Money From Crypto Firms Is Shaping US Politics 16:34 Share

Bloomberg Crypto

Shownotes Transcript

How Money From Crypto Firms Is Shaping US Politics