Crypto PACs Spend $7.2M to Support Candidates in 5 US States with Midterms Looming
Cointelegraph
Crypto-affiliated political action committees have spent $7.2 million to support various congressional candidates across five U.S. states ahead of upcoming primary elections.Summary
Political action committees (PACs) affiliated with Fairshake, including Protect Progress and Defend American Jobs, have invested $7.2 million into various U.S. congressional races. Protect Progress is focusing on Democratic candidates, while Defend American Jobs is supporting Republican campaigns. These funds are primarily used for media advertising in states like Georgia, Texas, Nebraska, Alabama, and Kentucky. The expenditures highlight the crypto industry's growing influence on elections, as groups seek to elect lawmakers who support favorable digital asset legislation, such as the CLARITY Act.
(Source：Cointelegraph)