Contributions from Coinbase and statements from executives suggested that crypto companies were likely to keep pouring money into future US elections.
Many experts said crypto interest groups and political action committees (PACs) spent more than $100 million through campaign contributions and media buys supporting or opposing political candidates in the United States.
As of Nov. 7, more than 200 candidates running for the House of Representatives, Senate, and White House who had expressed support for digital assets and blockchain had won their respective 2024 races.
Crypto leaders claimed that the victories of Donald Trump for US President and Bernie Moreno for one of Ohio's Senate seats were good for the industry, proving the power of the crypto lobby.