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Molly White
@molly.wiki
crypto researcher & critic, software engineer, wikipedian • creator of @web3isgoinggreat.com and @followthecrypto.org • newsletter: www.citationneeded.news/ mollywhite.net/linktree she/her 💗💜💙
27.8k followers521 following2.2k posts
MWmolly.wiki

Public Citizen just released a must-read report on the cryptocurrency industry’s spending this election cycle: www.citizen.org/article/big-... Nearly half of all corporate money contributed this cycle has come from cryptocurrency backers!

Key Findings In 2024, crypto corporations have poured over $119 million directly into influencing federal elections, primarily into a non-partisan super PAC dedicated to electing pro-crypto candidates and defeating crypto skeptics. Crypto corporations are by far the dominant corporate political spenders in 2024 as nearly half (48%) of all corporate money contributed during this year’s elections ($248 million so far) came from crypto backers. Koch Industries is a distant second place in 2024. The privately held conglomerate owned by Charles and, formerly, the late David Koch, contributed $25 million to its Koch-controlled Americans for Prosperity Action and $3.25 million toward electing Republicans to Congress. Direct corporate election spending at this scale is unprecedented. Crypto corporations’ total spending in the past three election cycles – $129 million – already amounts to 15% of all known corporate contributions since the Supreme Court’s 2010 ruling in Citizens United, which to
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CCchriscoma.bsky.social

Almost as if politics is the perfect smokescreen for the inherent fraud capacity built into the retail investment space.

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Ttbapple.bsky.social

When your entire business model is illegal, you better lobby like crazy.

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MBmattbh.com

Imagine what it would be if SBF wasn't in jail!

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DKdavidkister.bsky.social

THIS.

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CSledredman.bsky.social

Crypto currencies are Ponzi schemes.

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Wow, that is freaking bleak.

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Dcoldwindandsnow.bsky.social

Crypto is the biggest scam outside of AI. Energy hog and equally effin useless.

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DDeddied.bsky.social

Grim af

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MLdrdnar.bsky.social

That's scary, especially for something so . . . pointless.

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MW
Molly White
@molly.wiki
crypto researcher & critic, software engineer, wikipedian • creator of @web3isgoinggreat.com and @followthecrypto.org • newsletter: www.citationneeded.news/ mollywhite.net/linktree she/her 💗💜💙
27.8k followers521 following2.2k posts