Today marks a historic moment in the United States: Americans decide who will occupy the White House for the next four years. Between Donald Trump and Kamala Harris, the suspense remains. While voters are mobilizing, another battle is taking place behind the scenes of the elections in the USA: that of donations from the crypto sector, which could well influence the future of the country's financial and political regulations.
The United States plunged into a tense election
On November 5, tension is palpable in the American streets as in the crypto market, while citizens flock to the polls to elect their president. With millions of voters already mobilized, anticipation is at its peak. Between early voting and mail-in ballots, a third of the electorate has already cast their voteand the attendance that day promises to be historic despite contrasting weather: pouring rain in the center of the country, and radiant skies on the coasts.
Of crucial importance, this election is also marked by the participation of certain traditional hamlets such as Dixville Notchwhere, at midnight, the votes began under the gaze of journalists. Since 1960, this small, isolated village in New Hampshire has been closely scrutinized, having always predicted the presidential outcome.
It is there, and in the “swing states” strategic places like Pennsylvania, Georgia, or Arizona, that victory will be decided. These states, with always unpredictable resultshold 88 electors, a decisive weight to reach the fateful figure of 270, essential to win the elections in the USA.
The victory of crypto: 238 million unprecedented donations
On the financial side, crypto makes historic breakthrough in this election. Donations from the cryptocurrency sector have exceeded $238 millioneclipsing even the contributions of traditional giants like the oil and pharmaceutical sectors.
This resounding entry onto the scene of crypto sows trouble in Washingtonwhere many legislators could be more receptive to regulations favorable to digital assets.
Major crypto companies, such as Coinbase, Ripple, and Andreessen Horowitz, have contributed heavily through super PACs. A joint study by Breadcrumbs and FOX Business reveals impressive figures:
- More than $160 million paid by the biggest crypto players;
- 22 million for Donald Trump's campaign, representing more than 50% of crypto donations linked to the elections in the USA;
- 12 million donations for Kamala Harris, mostly from massive crypto support from Chris Larsen, co-founder of Ripple (XRP).
James Delmore, analyst at Breadcrumbs, comments: “ These contributions clearly show that crypto intends to weigh heavily in American politics. »
This record amount illustrates a desire of crypto players to establish themselves as true financial partners for policy makers, while influencing future laws that will govern this volatile market.
Crypto policy in the USA: the industry faces criticism
This rise of crypto in the political sphere is, of course, met with criticism. Some observers see it as a attempt to manipulate public decisions. Rick Claypool, research director at Public Citizen, warns: “Thehe crypto companies do not hesitate to invest millions to shape American democracy to their advantage. »
The growing influence of these funds on US elections is being closely monitored, as it could lead to regulation that would tip the scales in favor of this sector.
Like the Senate race in Ohio, where Bernie Moreno, the pro-crypto Republican candidate, received $40 million of a super PAC supporting this industry, the influence of these donations raises questions.
Faced with this massive influx of funds, legislators and associations call for stricter rules to regulate political contributionsparticularly in crypto, in order to preserve the fairness of the electoral process.
In short, whatever the outcome of the vote, crypto could emerge strengthened. The magnitude of these donations may have ushered in a new era of politics in the United States, in which digital assets play a key role, both for candidates and for the future of the overall financial system.
Finally, pro-Trump memecoins appear to be gaining ground against those of Kamala Harris, a surprising trend that could well recall the outcome of the actual vote.
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