Coinbase Leads The Blockchain Industry's Unprecedented Donation Spree In 2024 Election
Portfolio Pulse from Murtuza Merchant
Cryptocurrency firms, led by Coinbase, are heavily investing in the 2024 U.S. presidential election, with a record $1.5 billion in donations. This marks a strategic move to influence regulatory policies affecting digital assets.
August 27, 2024 | 12:00 pm
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Coinbase has invested $91.1 million in political donations, primarily to a pro-crypto super PAC, indicating its intent to influence regulatory policies.
Coinbase's significant political donations suggest a strategic move to influence future regulations, which could benefit its business operations and stock price.
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