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Crypto Giants Notch Wins in Expensive Quest to Sway U.S. Politics – Without Mentioning Crypto

Coinbase, Ripple and a16z donated unprecedented money to influence the outcomes of congressional races, but nobody wants to say who's in charge, how it works or even to discuss digital assets in campaign ads.

CEO Brian Armstrong's Coinbase is among the top industry backers of the crypto campaign fund that's shifting the landscape in the 2024 U.S. elections. (Steven Ferdman/Getty Images)
CEO Brian Armstrong's Coinbase is among the top industry backers of the crypto campaign fund that's shifting the landscape in the 2024 U.S. elections. (Steven Ferdman/Getty Images)