Report: US Cryptocurrency Super PAC Has Raised Over $100 Million

Golden Finance reported that external political groups associated with the cryptocurrency industry have raised more than $102 million for the upcoming U.S. congressional elections to promote candidates friendly to digital assets. The report said that about $54 million of the cryptocurrency industry's political war funds came from direct corporate spending, mainly from Coinbase (COIN.O), opens new tab and Ripple Labs. The rest came from cryptocurrency executives and venture capitalists: the founders of Andreessen Horowitz each contributed $11 million, Cameron and Tyler Winklevoss, founders of the cryptocurrency exchange Gemini, provided $5 million, and Coinbase CEO Brian Armstrong provided $1 million.