Bloomberg’s Allyson Versprille and Bill Allison report that US political donations from the crypto sector surged to more than $26 million during 2021 and early 2022—a rise of 5,200%. Faced with increased scrutiny from lawmakers and regulators, the digital-asset industry outspent internet giants ($20M), drug makers ($7M), and the defense industry ($18.6M). “It has come out of nowhere to spend a significant amount of money on politics,” said OpenSecrets senior researcher Dan Auble.