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Will Crypto Spending Determine US Election & What's Up with the Price of Gold?

Author

Austin Hodge
August 22, 2024 • Read Time: 9 minutes

The 2024 federal election cycle is in full swing with crypto companies investing a staggering $119 million into political campaigns. According to a recent watchdog report by Public Citizen, the cryptocurrency industry now accounts for nearly half of all direct corporate expenditures this election season.

Major players like Coinbase and Ripple are leading the charge, aiming to influence legislation that could potentially streamline or even loosen regulatory frameworks. With such massive financial clout, the crypto sector is second only to fossil fuel giants. As RFK Jr. considers dropping out to support another party candidate, the Fed hints at September rate cuts, and Fantom leads the crypto market rally - Let's dive in!

  • Crypto firms pump $119M into US federal elections, nearly half of all corporate money. — Read More

  • Pro-Bitcoin candidate RFK Jr. contemplates dropping out and supporting Trump. — Read More

  • Fed officials hint at a potential interest rate cut in September, sparking Bitcoin futures activity. — Read More

  • Fantom (FTM) jumps 17%, leading the crypto market rally, with further gains in sight. — Read More

  • Bitfarms acquires Stronghold Digital Mining in a $125M deal, adding 307MW power capacity. — Read More

  • DBS Bank is partnering with Enterprise Singapore and the Singapore Fintech Association to pilot blockchain technology for government grant disbursements. — Read More

  • A16z Crypto leads $80M Series B funding for PIP Labs, valuing the firm at $2.25B. — Read More

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