Senator Gillibrand’s Crypto Donations: How Much Did She REALLY Get? 💰💸

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Democratic Senator Kirsten Gillibrand has managed to find herself in the middle of a *huge* crypto controversy. You know, that whole GENIUS Act thing? Yeah, she’s playing a starring role in it. But, wait for it, it involves a bunch of crypto donations (a cool $217,000 to be exact). What could possibly go wrong when your biggest campaign donors are the folks from Coinbase, Ripple, Uniswap, and friends? 😏)

In a shocking twist (not really), BeInCrypto discovered that crypto firms have been *generously* helping fund Gillibrand’s campaign. You know, the same folks who might be, just MAYBE, interested in a little regulation that goes their way? Coincidence? We think not. The donations totaled more than $200,000 from those fancy crypto giants. 🍿

The GENIUS Act: Let’s Talk Stablecoins (Or, How to Regulate the Future of Money)

So, the Senate finally advanced the GENIUS Act (no, it’s not a Marvel movie) that’s all about stablecoins and how they should be regulated. Basically, the Senate voted to move it forward on Monday night after *debating* and voting on whether it should even move forward. 🤯

It was touch and go for a while, but Senator Gillibrand helped pull it through with some slick negotiating. She’s been working her magic to get the Democrats to vote ‘yay’ on this. But, don’t get too excited yet — it still needs a full Senate vote. So stay tuned, folks. The drama continues. 🙄

What’s even juicier? The first round didn’t go as planned. Yep, nine Democratic Senators (including Gillibrand) flipped sides and didn’t want to back it. One can only wonder what’s REALLY going on behind closed doors… 👀

There were concerns like, you know, protecting consumers and making sure that the bill doesn’t give any crypto companies a free pass on regulation. Also, there’s that tiny matter of Trump being connected to the crypto world — because that’s totally not a can of worms. 🙃

Which Crypto Firms Are Sending Big Bucks to Gillibrand’s Campaign? 💸

Now, let’s talk money. Gillibrand, who’s been New York’s Senator since 2009 (a solid run), got some seriously *lucrative* donations from crypto insiders in 2024. In case you’re wondering, OpenSecrets did the hard work of tracking all this cash flow. 💵

And guess what? Despite the law saying corporations can’t donate directly to campaigns, people associated with companies like Coinbase, Ripple, and Uniswap still found ways to make it rain for Gillibrand. According to OpenSecrets, Coinbase alone donated $59,900 to her re-election campaign. Not suspicious at all. 🤑

Uniswap Labs threw in $48,900, while Ripple contributed $32,000. And hey, don’t forget about dYdX, which chipped in $19,200. That brings the grand total to $217,000. Not bad, right? 💰💰

Who’s Donating? Oh, Just the Top Dogs of Crypto…

Let’s talk about the big names behind the donations. You’ve got Brian Armstrong (Coinbase CEO), Brad Garlinghouse (Ripple CEO), and Hayden Adams (Uniswap CEO) all opening their wallets. How generous. 🙄

But before you start feeling bad for them, they’re legally allowed to give up to $5,000 each year to PACs like Gillibrand’s. So yeah, they *really* want to make sure stablecoin regulation goes in their favor. It’s just good business, right? Right. 😏

Is Crypto Funding Making Congress a Little Too Cozy with Crypto? 🧐

Now here’s the big question: is all this crypto cash influencing how Senators vote? Well, funny you ask — crypto super PACs spent millions during the 2024 elections. Coinbase, Ripple, and the gang were literally spreading their wealth to get the *right* kind of regulation in Washington. Imagine that. 🤯

But hey, nothing says ‘impartial’ like taking millions from the very companies that stand to benefit from the legislation you’re pushing. It’s all above board, right? Well, maybe not. The industry’s backing could be the reason why Senator Gillibrand is pushing so hard for this bill. You know, just a thought. 💁‍♀️

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2025-05-22 02:41