POLITICO · 2026-11-02 21:06 UTC

Crypto billionaire's climate pivot earns him new foes

Crypto billionaire Chris Larsen has tripled his political donations this election cycle to over $60 million, focusing on clean energy, centrist Democrats, and AI safety while opposing crypto-industry hawks and public-sector unions. His spending has drawn criticism from Republicans and confusion from Democrats as he navigates between both parties. Democrats may need to court wealthy donors like Larsen to compete with Republican megadonors like Elon Musk and Richard Uihlein.

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