New data from a non-profit group reveals that nearly half of the corporate spending on the 2024 United States (US) presidential elections comes from crypto firms, setting the crypto industry up as a high-stakes participant in the electoral process. While the crypto community awaits the results of the US presidential elections, ETFSwap (ETFS) is revolutionizing the crypto industry in its own way.
Crypto firms account for almost $200 million in election funds donated toward the 2024 US presidential elections, according to a new report from the non-profit watchdog group, Public Citizen. The sum accounts for about 48% of all corporate contributions toward the 2024 polls.
Most of the money raised goes to the popular bipartisan super PAC, Fairshake. Fairshake has, in turn, revealed that Coinbase, A16Z, Ripple, and Jump Crypto are its top donors with $49 million, $47 million, $47 million, and $15 million donated each.
The contributed funds go towards supporting pro-crypto candidates in both the Democratic and Republican parties and the approach has proven successful. Of the 42 primary races of the US presidential elections, 36 candidates having the pro-crypto money behind them won. This occurred without any mention of their crypto backing during their campaigns, demonstrating how the large investment of these crypto firms into the elections was making them hard to miss.
Only time will tell the outcome of the 2024 US presidential elections. One thing is certain however, the crypto community may be severely impacted by the results. Currently, crypto voters are joining the conversation and crypto firms are ensuring their voices are heard. Whatever comes of the polls, the crypto revolution has just begun.
ETFSwap (ETFS) is forging a way for the crypto industry in its own way. The ETF trading platform has allied with MiCa-compliant regulated investment banks to offer hybrid institutional assets backed by real-world institutional assets. These assets are tokenized on ETFSwap (ETFS) and can be traded anywhere with 24/7 access to market data.
ETFSwap (ETFS) thus bridges the gap between DeFi and traditional finance since by tokenizing institutional assets and trading crypto ETFs, institutional investors can now own crypto-based assets without the usual technical hurdles. They no longer need to open and manage crypto wallets, deal with public and private keys, or complete KYC verification.
ETFSwap (ETFS) maintains its commitment to innovation in DeFi with its host of advanced trading tools. The platform’s market-making algorithm is far ahead of its time. It tightens spreads on orders and minimizes slippage, ensuring all orders are executed at the best possible prices.
Continuing the trend, the platform offers users AI-powered trading tools that help them trade with analytical insight. ETFSwap’s (ETFS) ETF Screener and ETF Tracker leverage artificial intelligence to analyze vast market data and extract trends and insights so users can make better-informed decisions about choosing investment opportunities.
ETFSwap’s native token, ETFS, is crucial to the platform’s continued innovation. For instance, the token gives investors voting rights within the platform’s governance system, empowering them to steer the direction of the platform in alignment with their investment goals. To that end, smart investors are now investing in the future of DeFi and crypto by buying ETFSwap’s (ETFS) ongoing presale.
No matter the outcome of the 2024 US presidential elections, politicians have seen how powerful crypto firms and voters are and know deep down that they cannot ignore the sector. Therefore, innovative DeFi platforms like ETFSwap (ETFS) will see a huge adoption boost and have more freedom to create.
However, interested investors must hurry to buy the ETFSwap (ETFS) token at its discounted price of $0.03846 before it triples in a few weeks.
For more information about the ETFS Presale:
Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses.
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