News@lemmy.worldEnglish · 15 days ago

Tech poured $394.1m into US election as Musk and crypto giving boomed

www.theguardian.com

Tech poured $394.1m into US election as Musk and crypto giving boomed

www.theguardian.com

MicroWave@lemmy.world to

News@lemmy.worldEnglish · 15 days ago

FEC filings offer only a glimpse of the money tech is pouring into Washington as it seeks to influence government

Summary

Silicon Valley contributed over $394.1M to the 2024 U.S. presidential election, with Elon Musk donating $242.6M to Donald Trump.

The tech industry’s growing political influence reflects its efforts to shape regulations around emerging technologies like crypto and AI.

Crypto advocates, including Ripple’s Chris Larsen and the Winklevoss twins, spent heavily, swaying policies and congressional races.

Trump, once critical of crypto, embraced it, appointing crypto-friendly figures to key roles.

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15 days ago
It’s fine, cuz “Corporations are people, my friend” and money is speech!

Thanks Romney you slimy Bain Capital, corporate-raiding PoS.

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