Crypto corporations have become the dominant force in federal election spending, spending over $119 million to influence the U.S. election outcome. 

According to a report by the non-profit organization Public Citizen, nearly half of all corporate money contributed to this year’s United States elections came from crypto backers, totaling $248 million.

This makes the crypto industry the largest corporate political spender in 2024, with Koch Industries, primarily known for oil and gas, a far second, contributing $28.25 million to support Republican candidates and causes.

According to the report, the massive investment has primarily been funneled into the nonpartisan super PAC Fairshake, which is dedicated to electing pro-crypto candidates and defeating those skeptical of the …