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https://www.theguardian.com/us-news/2024/dec/07/campaign-spending-crypto-tech-influence
FEC filings offer only a glimpse of the money tech is pouring into Washington as it seeks to influence government
Silicon Valley poured more than $394.1m into the US presidential election this year, according to a Guardian analysis, the bulk of it coming from an enormous donation of about $243m Elon Musk made to Donald Trump’s campaign.
The analysis of new election data from the US Federal Election Commission (FEC) shows the increasingly heavy influence of the tech industry in US elections. Advocates of cryptocurrency were particularly active in this election as they fought to stave off regulation, pumping money into the presidential campaigns and key congressional races.
The donors came from tech’s biggest companies: Google, WhatsApp, LinkedIn and Netflix. Others were powerful venture capitalists who had made billions from investing in tech.
FEC filings offer only a glimpse of the money tech is pouring into Washington as it seeks to influence government
Silicon Valley poured more than $394.1m into the US presidential election this year, according to a Guardian analysis, the bulk of it coming from an enormous donation of about $243m Elon Musk made to Donald Trump’s campaign.
The analysis of new election data from the US Federal Election Commission (FEC) shows the increasingly heavy influence of the tech industry in US elections. Advocates of cryptocurrency were particularly active in this election as they fought to stave off regulation, pumping money into the presidential campaigns and key congressional races.
The donors came from tech’s biggest companies: Google, WhatsApp, LinkedIn and Netflix. Others were powerful venture capitalists who had made billions from investing in tech.
