politics @lemmy.worldEnglish · 5 months ago

Cryptocurrency industry pours avalanche of money into US election campaign

www.heise.de

Cryptocurrency industry pours avalanche of money into US election campaign

www.heise.de

Rimu@piefed.social to

politics @lemmy.worldEnglish · 5 months ago

US campaign funds make Scrooge McDuck's money bin pale. At the forefront: the cryptocurrency industry. Molly White brings light into the darkness.

The largest crypto super PAC is called Fairshake and is practically the same size as Make America Great Again (MAGA), the main super PAC supporting Donald Trump, who is making his fourth run at the White House: MAGA has raised $178.6 million through the end of May, Fairshake $177.9 million.

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5 months ago
Banks interpret consistent, equivalent transfers between accounts as a sign of money laundering. PAC money is no different. Someone is splitting their contributions.

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