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Crypto Industry Political Donations Are Going to Democrats Too

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The crypto industry, whose hostility to the Biden Administration have led some major participants to publicly endorse Donald Trump, is spending millions through a pair of super PACs to shape the Democratic Party by intervening in congressional primaries. Sonali Basak, Michael Regan and Bill Allison speaks on 'Bloomberg Crypto'.

The crypto industry is spending millions through a pair of super PACs to shape Congress by intervening in congressional primaries. Of course, that's where the real money goes to change policy. Bloomberg's Bill Allison reported on what's going on here. And the dollars are large.

And given that it's a it's a fairly narrow segment of the economy in terms of of jobs and and, you know, its relationship with government as far as like, you know, how much it's regulated, it is spending a ton of money. You know, you and I remember when it was the FTC's executives that were really spending the bulk of the crypto dollars here.

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