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Is this a little or a lot? any idea how that compares to other industries and donors?
by BiraIgnacio 3mo ago
Is this a little or a lot? any idea how that compares to other industries and donors?
- thehoff 3mo agoIt almost doesn't matter? If it was less than other industries doesn't make it okay. I like any/all callouts of industries and their political "donations". Its all so ridiculous.
- pooploop64 3mo agoI guess the threat of this is what's unclear. The cryptobros are going to take over the world and then do what exactly?
- thehoff 3mo agoYeah I guess poor wording on my part. It does matter. My point was even if its a lot less than other industries that doesn't negate what's happening here.
- ratelimitsteve 3mo agosomeone below is saying it's over a third of all spending so far. which feels like a lot to me.
- knorker 3mo agoWhen it's from an industry consisting 100% of organized crime and negative-sum grifting, it's a lot. I'd read a donation with "from the oil industry" and "from The Organization Of Stealing All Copper from Public Spaces" as different types of "bad", even if I'd prefer that the oil industry also not buy politicians. For the avoidance of doubt, blockchain people are the copper thieves.
- gwbas1c 3mo agoParagraph #2 directly answers your question: > More than one-third of all corporate money contributed to this year's November elections, and primary elections leading up to them, has come from the crypto industry, making it the top corporate political spender, the group said.
- petilon 3mo agoOnly 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-money-into-2024-election-public-citizen.html https://www.cnbc.com/2024/08/23/crypto-companies-are-pouring...
- yallpendantools 3mo agoMy 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.
- BiraIgnacio 3mo agoDefinitely a lot.. thanks, missed that