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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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A new report by the consumer advocacy group Public Citizen has shown that nearly half of all corporate election contributions in 2024 have come from the crypto sector.
- Axios notes: “Blockchain companies have supplied 48% of the $248 million of corporate money donated to influence federal elections this cycle,” according to Public Citizen.
- Axios adds: “Fairshake, the crypto industry's dominant PAC, has raised a whopping $202 million. The group has endorsed equal numbers of Democrats and Republicans in House races this year.”
- Rick Claypool, a research director at Public Citizen and author of the report, said: “…the sole reason crypto is a hot-button topic in this election cycle is that crypto businesses are spending eye-popping sums to make themselves impossible to ignore.”
- Quartz notes on the report: “Since the [2010] Citizens United ruling, crypto corporations have become the second-largest election-related corporate spenders, following only fossil fuel companies... Over the past 14 years, fossil fuel corporations have spent $176 million, with Koch Industries contributing $73 million.”
Figure 2: Contributions from Corporations to Influence Federal Elections since Citizens United (2010 Supreme Court ruling to remove restrictions on corporate political spending)
Source: Axios
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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