The Crypto Industry Remains Mostly Unengaged in Election 2020
According to Federal Election Commission (FEC) data, employees at 10 significant firms to the cryptocurrency space – including Coinbase, Ripple, Andreessen Horowitz, Uniswap, Compound, BitGo, Gemini, Chaincode Labs, Digital Currency Group and subsidiaries (disclosure: CoinDesk is a DCG subsidiary) and Kraken – donated a cumulative total around $100,000. Despite this lack of engagement, the election will impact how laws and regulations governing the crypto space unfold over the next four years.
Donations On an individual level, the crypto community hasn’t been overly engaged with the election.There seems to have been little to no public discussion of issues pertinent to the industry, such as data privacy or encryption. The group’s purpose is to promote crypto interests among the U.S.’s political leaders, and according to Federal Election Commission (FEC) filings, raised a total of $27,000 this year, or about $6,000 since its public launch in March.
