What's happened
The crypto industry has raised over $85 million for the 2024 election, with major contributions from firms like Coinbase, Ripple, and Andreessen Horowitz. Meanwhile, tech billionaires Reed Hastings and MacKenzie Scott have donated billions to charity.
Why it matters
The significant fundraising by the crypto industry for the 2024 election reflects its growing influence and efforts to gain legitimacy. Additionally, the substantial charitable donations from tech billionaires highlight their philanthropic impact.
What the papers say
Axios reports on the substantial fundraising efforts by the crypto industry for the 2024 election, highlighting major contributions from firms like Coinbase, Ripple, and Andreessen Horowitz. Business Insider UK covers the significant charitable donations made by tech billionaires Reed Hastings and MacKenzie Scott, emphasizing their philanthropic impact.
How we got here
The crypto industry's fundraising for the 2024 election and the charitable donations by tech billionaires have been ongoing developments, reflecting the increasing influence of the crypto sector and the philanthropic efforts of prominent tech figures.
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