PANews reported on March 10 that according to Cointelegraph, according to a report by the Center for Political Accountability (CPA), cryptocurrency companies have invested more than $134 million in the 2024 US election, raising concerns about their growing political influence and potential risks to regulatory stability. The report released by the Center for Political Accountability pointed out that the growing connection between crypto companies and US politics has brought new concerns to regulators, investors and the broader financial system. The report added: "While companies making these donations may be seeking a favorable regulatory environment, these political donations further erode public trust and expose companies to legal, reputational and business risks that cannot be ignored."

Despite the risks highlighted in the report, some regulatory experts believe the donations are necessary to push for more innovation-friendly regulation. "As someone deeply involved in the crypto space, I believe this spending is necessary for regulatory clarity, which is critical for stability and growth," said Anndy Lian, an author and intergovernmental blockchain expert. "It would appear to boost investor confidence by reducing uncertainty, just as pro-crypto candidate wins boosted market sentiment, as evidenced by Bitcoin's post-election highs."