# Will Crypto Lobbying Pay Off?

*Author: Bankless*
*Published: Nov 4, 2024*
*Source: https://www.bankless.com/es/will-crypto-lobbying-pay-off*

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Will Crypto Lobbying Pay Off?
    
  

  
  Published on Nov 4, 2024

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.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
a16z's Political Bet
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/11/Group-14---2024-11-04T172432.834.png)](https://www.bankless.com/dashboard)- 🤑** a16z Pours Another $23M into Crypto-Friendly Fairshake PAC. **Andreessen Horowitz [makes a massive contribution](https://www.bankless.com/a16z-pours-23m-into-fairshake-pac-for-crypto-friendly-politics-2) to Fairshake PAC.
- **👋 Ethereum Researchers Leave EigenLayer Advisory Roles. **Two top Ethereum researchers [have stepped back](https://www.bankless.com/ethereum-researchers-leave-eigenlayer) from EigenLayer advisory roles to mitigate community concerns.
- 💰** Michigan Joins the Growing List of States Investing in Crypto.** Michigan's state pension fund reveals over [$10M in Ethereum ETF Holdings](https://www.bankless.com/michigan-joins-the-growing-list-of-states-investing-in-crypto).

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    MARKET VIBES

  
  
Pre-Election Dump
  
   
     
   
     
    
 

**📸 Daily Market Snapshot: **Crypto markets sold off ahead of Tuesday's presidential election. Whether the sell-off mirrors a sudden decrease in Trump's lead across prediction market platforms or merely forecasts investor fears of a sell-the-news event for the election, BTC dominance is nevertheless pushing higher once again.

Prices as of 5pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $2.22T
       

  
    
    ↘ 1.9%
    
  

   
    
    ↘ 5.9%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $67,655
       

  
    
    ↘ 2.0%
    
  

   
    
    ↘ 3.2%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $2,385
       

  
    
    ↘ 3.4%
    
  

   
    
    ↘ 7.0%
  

       ![](https://s2.coinmarketcap.com/static/img/coins/64x64/20947.png)
    

  **SUI**
   
          $1.83
       

  
    
    ↘ 5.3%
    
  

   
    
    ↗ 4.7%

    
  

  

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🚰**New Token Rating: SUI**’s explosive 140%, 7-day rebound off early August lows heralded the return of crypto’s alt L1 trade. Why might recent SUI stagnation suggest winter is coming?[Unlock SUI on Token Hub](https://www.bankless.com/tools/token-hub/sui)

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OPINION

  
  
    
Will Crypto's Lobbying Push Pay Off?
  
  
   
     
     Bankless Author: 
     
       [
       
        Jonah Roberts](https://www.bankless.com/author/jonah)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/11/image---2024-11-04T174707.426.png)](https://www.bankless.com/political-lobbying-2024?u=true)Once a political afterthought, crypto has swiftly become a focal point in the 2024 Presidential Election. 

And while there's certainly been plenty of grassroots energy powering this move,  this election has also hosted unprecedented pro-crypto lobbying efforts backed by the industry's most powerful players. 

Crypto has become the [largest lobbying spender](https://www.businessinsider.com/crypto-bitcoin-election-spending-kamala-harris-donald-trump-2024-8) this cycle. Fairshake, which has raised over [$200 million](https://www.cbsnews.com/video/a-look-at-cryptos-impact-on-the-2024-election/) from major donors like Coinbase, Andreessen Horowitz, and Ripple, and similar groups have directed their substantial resources toward supporting political campaigns across party lines, all with one goal: **helping pro-crypto candidates win**. 

*It's a major investment, but is it money well spent? *👇

[Read More on Bankless.com](https://www.bankless.com/political-lobbying-2024?u=true)
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