Over the year, the roles that crypto plays in everyday lives have become more prominent, more so with the last bull market. Given this, it is natural that the space, currently worth hundreds of billions of dollars, is spilling into other aspects such as politics. And now, as the US elections draw closer, crypto and the people who participate in the sector are playing a more important role.
Crypto Giants Touching Politics
Over the last few years, there has been more dabbling by important people in the crypto space in the world of politics. The most important of these have been FTX founder Sam Bankman-Fried (SBF) who has been pouring millions into political candidates across the board.
In data released by Open Secrets, a platform that follows the donations to different political campaigns, SBF has risen quickly across the ranks and is now the 6th largest contributor to federal campaigns. Apparently, the…
