A new analysis and call for a constitutional amendment comes as reporting sheds light on Sen. JD Vance’s ties to a right-wing group backed by tech and digital currency investors.
By Jessica Corbett. Published 8-21-2024 by Common Dreams
A report out Wednesday takes aim at how giants of the cryptocurrency industry are using the 2010 Citizens United ruling by the U.S. Supreme Court, which opened the floodgates for dark money in political campaigns, to make a massive deregulatory push ahead of this year’s pivotal election.
Based on Public Citizen research director Rick Claypool’s analysis of federal election data from OpenSecrets, the consumer advocacy group accused the crypto industry of “exploiting” the Citizens United v. Federal Election Commission ruling “to an unprecedented degree, dwarfing direct corporate spending by Big Oil and other corporate sectors in the 2024 elections.”
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