Crypto is dominating corporate election spending

The crypto industry accounts for almost half the money contributed by corporations to political action committees so far in 2024, according to a new report from Public Citizen, a consumer advocacy group.

Why it matters: Crypto is pioneering a strategy for direct corporate election spending that could usher in a new era of spending by big companies to get the outcomes they want in elections, the organization argues.

The Public Citizen report Axios is highlighting, is here.