Cryptocurrency's influence on political financing has grown, introducing new dynamics into campaign funding. $BTC
Fairshake PAC: This pro-crypto political action committee, funded by major industry players like Coinbase and Ripple, has significantly impacted U.S. elections. In the 2024 elections, Fairshake backed winning candidates in 33 of the 35 House and Senate primary races it entered, demonstrating the crypto industry's growing political clout. $ETH
Trump Media's Bitcoin ETF: Trump Media and Technology Group Corp. filed for a Bitcoin exchange-traded fund (ETF) named Truth Social Bitcoin ETF B.T., aiming to provide investors with bitcoin exposure without needing to directly acquire or manage the digital asset themselves. This move underscores the intertwining of crypto initiatives with political entities.