Live data from Hacker News

Crypto firms have spent $189M so far on 2026 US election, report says

reuters.com

11–20 of 123 posts

Re: Crypto firms have spent $189M so far on 2026 US election, report says

#11

Is this a little or a lot? any idea how that compares to other industries and donors?

It almost doesn't matter? If it was less than other industries doesn't make it okay. I like any/all callouts of industries and their political "donations". Its all so ridiculous.

Re: Crypto firms have spent $189M so far on 2026 US election, report says

#12
post #3

A UK party rising up the charts is caught up in a scandal - crypto guy gave the party leader (personally) £5m which he failed to declare and he started the party a few days later indicating he was paid to start the party. It came out when Crypto guy gave an interview and mentioned it not realising the consequences. The party leader first claimed it was for security. Then it was determined he had bought property with…

I wonder why all the libertarian freedom loving crypto guys keep backing fascists

if you're in with the fascists they are the most liberty-oriented party. you can do whatever you want, entirely without regard to the law.

Re: Crypto firms have spent $189M so far on 2026 US election, report says

#15

As far as the US is concerned, given how badly bitcoin has done since Trump was inaugurated, the worst performing asset class by far, I would say the ROI has been pretty bad. Industries and sectors that donated nothing still got bailouts and other initiatives, such as AI, quantum, metals, and semiconductors. Noting for crypto donors. No bailouts, or even mentions on twitter. Politicians can take money but they don't…

But is that also accounting for any regulatory pressure/investigations that might have otherwise hit those donors? Perhaps just the promise of not being prosecuted for their crimes if/when their scam collapses is sufficient ROI for them.

Re: Crypto firms have spent $189M so far on 2026 US election, report says

#16
post #4

The fact that political spending is considered free speech in the US gives the rich and already powerful massive sway in the political system, it is basically tiled hard towards them. And then combined with how PACs hide their funding behind names like "Everyday Americans Making the World Better" when really it just wants to lessen online gambling laws for a billion dollar company, is just brutal. US politics is a dy…

Even crazier that they sway elections in districts they've never even visited nor intend to ever visit

Re: Crypto firms have spent $189M so far on 2026 US election, report says

#18

As far as the US is concerned, given how badly bitcoin has done since Trump was inaugurated, the worst performing asset class by far, I would say the ROI has been pretty bad. Industries and sectors that donated nothing still got bailouts and other initiatives, such as AI, quantum, metals, and semiconductors. Noting for crypto donors. No bailouts, or even mentions on twitter. Politicians can take money but they don't…

Yeah but Justin Sun is a stable genius, losing tons of money is just part of his 4D chess.

Re: Crypto firms have spent $189M so far on 2026 US election, report says

#20
post #3

A UK party rising up the charts is caught up in a scandal - crypto guy gave the party leader (personally) £5m which he failed to declare and he started the party a few days later indicating he was paid to start the party. It came out when Crypto guy gave an interview and mentioned it not realising the consequences. The party leader first claimed it was for security. Then it was determined he had bought property with…

I wonder why all the libertarian freedom loving crypto guys keep backing fascists

Because they're not as much 'freedom loving' as they are 'selfish dicks.'
Post reply on HN