| Harris, $134 Million.That's how much the cryptocurrency industry spent on the 2024 election, making it the largest corporate spender this cycle. It paid off, big time. Crypto-backed super PACs spent for and against candidates in 68 races in this election -- and succeeded in 85% of them. These PACs hid their true motives, flooding the airwaves with ads that almost never mentioned crypto. Why the spending spree? One word: regulation. Check out this week's video to think it through with us: Just what are the crypto backed super PACs getting with all their millions of campaign contributions? Crypto investors want free reign to carry out their crash and scam operations. They don't want regulation of their giant Ponzi schemes to lure other investors in, or of the crypto funds that finance criminal activity, or of the huge amounts of energy required to power cryptocurrency operations. As federal regulators have pushed to establish basic protections for crypto investors and the rest of the public, the industry has fought back tooth and nail. Crypto is counting on their newly elected minions in Congress to let them continue their largely unregulated shady dealings. This is all just another reminder that we must get Big Money out of politics! Robert Reich
Inequality Media Civic Action | 
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