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The cryptocurrency industry invested heavily in the 2024 U.S. elections, backing candidates perceived as crypto-friendly. A significant portion of the $119 million spent by organizations like Coinbase and Ripple went to super PACs, and the strategy paid off, with many of their preferred candidates winning.

Amidst pressure from donors and growing investor interest, Vice President Harris indicates a potential shift towards a less hostile approach to the crypto sector to reassure investors and address electoral concerns.