Musk Spends $276M Backing Republicans, Topping 2024 Election Total

The scale is the story: a single individual's political spending now rivals institutional players, and the fact that it has already surpassed a full prior cycle suggests the pace, not just the total, is accelerating. For crypto and RWA markets, the relevant question is whether that influence translates into legislative momentum on digital-asset rules, given Musk's prior posture toward the sector. Whether this spending pattern continues into the rest of the cycle is the open question.