In a year marked by heavy losses and turmoil in the sector, the cryptocurrency industry spent millions of dollars on the mid-term elections mandate in the United States. She hopes to gain influence among legislators.

Cryptocurrency companies are eager to support political candidates who are pro-industry. Indeed, the year 2023 is perceived by crypto evangelists as a critical year for regulation. For example, the CEO of FTX contributed nearly $40 million to the campaigns during this election cycle. Through these efforts, Sam Bankman-Fried has far surpassed all other players in the crypto sector. According to OpenSecrets's list of the largest individual donors, the CEO of FTX is the sixth largest individual donor in the United States. It supports the Democrats.

Ryan Salame, CEO of an FTX subsidiary, contributed more than $23.6 million, all to Republicans, including $11,600 to support Rep. Alex Mooney's R& campaign Eacute; publican from West Virginia. He is the 14th on the list.

Skybridge Capital, for its part, Skybridge Capital, contributed $100,000 to the Crypto Innovation Super PAC. It's the digital asset investment management company founded by Trump's former White House communications director Anthony Scaramucci.