Source: Bloomerg; Compiled by: Deng Tong, Golden Finance
The American political system runs on money - and lots of it. With no laws limiting the amount of money that goes into electing White House and congressional candidates, Republicans and Democrats vie for a deeply divided electorate that's been inundated with ads, text messages and mail.
A flood of TV ads, frantic fundraising appeals and door-to-door visits were the result of $14.7 billion spent by candidates, parties and political action committees, or about 92% of the total amount OpenSecrets expects to be spent over the entire election cycle.
According to Federal Election Commission filings, More than 11,000 political groups - from PACs backed by billionaire Elon Musk to niche interest groups - spent money during the 2024 election cycle. That’s every entity that spent more than $100,000 in less than a week before Election Day, accounting for 99% of all political spending.
The top 100 groups contributed 64.6% of total spending this election cycle, totaling billions of dollars. Americans for Prosperity, a super PAC associated with Charles Koch, spent $167,570,418 ($168 million) 0);">American Political Action Committee, Elon Musk's pro-Trump super PAC, total expenditures: $176,697,677 ($177 million)
Democratic Senatorial Campaign Committee, Democratic Senate Party Committee, total expenditures: $193,798,179 ($194 million)
National Republican Congressional Committee, Republican House Committee, total expenditures: $207,623,524 ($208 million)
0);">Senate Leadership Fund, Republican Senate Super PAC, total expenditures $224,400,011 ($224 million)
National Republican Senatorial Committee, Republican Senate Party Committee, total expenditures $217,012,947 ($217 million)
Congressional Leadership Fund, House Republican Super PAC, total expenditures $230,158,677 ($230 million)
House Majority PAC, the House Democratic Super PAC, with a total expenditure of $258,595,636 ($259 million)
Democratic Congressional Campaign Committee, the Democratic House Committee, with a total expenditure of $271,081,632 ($271 million)
Republican National Committee, the main Republican committee, with a total expenditure of $274,086,421 ($274 million)
Harris Victory Fund, a fundraiser for Harris and the Democratic Party, with total expenditures of $321,129,366 ($321 million)
WinSenate, a Democratic Senate super PAC funded by Senate Majority PAC, with total expenditures of $338,872,847 ($339 million)
Donald J. Trump's 2024 presidential campaign, including the Trump Campaign Committee, with total expenditures of $354,834,721 ($355 million)
Democratic National Committee, the main Democratic Party committee, with a total expenditure of $368,341,828 ($368 million)
Make America Great Again, Trump's main super PAC, with a total expenditure of $8381,285,911 ($8381 million)
Future Forward, Harris's main super PAC, with a total expenditure of $621,184,263 ($621 million)
192);">Harris for President, Harris Campaign Committee, Total Expenditure: $874,741,815 ($885 million)
Billions of dollars have flowed through the coffers of the party fundraising political action committees, including the Democratic ActBlue and the Republican WinRed, which have processed more than 113 million donations and distributed $4.5 billion to other committees. The two PACs account for more than 31 cents of every U.S. dollar spent and are the most financially active of the committees that are expected to spend the most in the 2024 election cycle.
For the first time in his three White House campaigns, former President Donald Trump’s political operation raised more money from wealthy donors than from grassroots donors. Super PACs supporting Trump raised more money from just three people — Musk, billionaire Miriam Adelson and investor Timothy Mellon — than his campaign and the Republican Party ever took in from his once-sub-$200-strong cadre of donors.
Still, Vice President Kamala Harris has a huge financial advantage. She raised large sums of money from wealthy backers and grassroots donors, making her campaign more affordable than Trump's, spending $875 million compared to the Republican nominee's $355 million.
Denmark will tax unrealised crypto gains from January 2026, covering holdings since Bitcoin's 2009 launch. While aligning with traditional asset taxes, it sparks debate: prudent regulation or risky precedent?
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WeiliangVietnam has launched a national blockchain strategy aimed at becoming a leader in blockchain technology by 2025, focusing on improving infrastructure, developing regulations, and fostering innovation. The plan includes establishing 20 prominent blockchain brands, building three testing centers, and positioning Vietnam among the top ten blockchain research hubs in Asia by 2030.
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Kikyo根据台湾金管会2025年度预算书，继去年对4家虚拟资产服务提供商（VASP）进行洗钱防制专项检查后，金管会将在今年第四季度继续扩大行动，目标企业增至6家。
Miyuki