Lobbying of crypto interests in the USA

[zasad@]

https://www.citizen.org/article/cryptobros-united-fairshake-super-pac-2024-elections/

Cryptobros United: Crypto Super PACs Amass Over $100 Million for 2024 Elections

"Key Findings
Super PACs backed by the cryptocurrency sector have raised more than $102 million, the third-most of all super PACs engaged in the 2024 election, according data from Opensecrets.org. Only the super PAC backing Ron DeSantis’ failed presidential campaign and the super PAC backing Democratic Senate candidates have raised more money so far.
More than half of the crypto super PACs’ political war chests – about $54 million – comes from direct corporate expenditures, primarily Coinbase and Ripple Labs, showing the sector is taking full advantage of Citizens United-enabled unlimited corporate political spending.
Four of the eight corporate crypto super PAC donors have settled or are facing charges by the U.S. Securities and Exchange Commission (SEC) for alleged violations of securities laws. Ripple Labs alone is reportedly facing nearly $2 billion in penalties. Beating back regulations is among the super PAC backers’ stated goals.
The rest of the crypto super PACs’ political war chest comes from billionaire crypto executives and venture capitalists, including $11 million each from the founders of venture capital firm Andreessen Horowitz, $5 million from the Winklevoss twins, and $1 million from Coinbase CEO Brian Armstrong.
Out of the six 2024 primary races where the crypto super PACs intervened and which are now over, only one crypto-backed candidate has lost. Eleven primary races that include crypto-backed candidates remain.
The crypto super PACs have pledged to spend in general election Senate races in the battleground states of Ohio and Montana, which are seen as essential for securing a Senate majority. Democratic incumbents in both races have been critical of the crypto sector."

___
How wonderful that the USA has such data. I would love to post similar information about my country, but it is not publicly available.

[yhiaali3]

It is good to publish data with such transparency, especially in a country that is not friendly to cryptocurrencies.

It is also good for cryptocurrency companies to adopt this policy by supporting Senate candidates in order to obtain supportive votes for them in draft resolutions. I expect that such a policy will yield positive results in the future towards enacting more open legislation towards cryptocurrencies.

It is also necessary for more major crypto companies to join Crypto Super PACs to gain greater support for pro-crypto candidates. I expect Crypto Super PACs could make a difference in future crypto regulatory policies.

[zasad@]

I think it's not about cryptocurrencies here, it's about business. Apparently, in the United States, it is believed that bribe lobbying should be allowed only for the upper class, and ordinary citizens should not be involved in it.
In other areas of business it is the same and every big company has a budget for lobbying their interests.