The crypto industry has amassed a $160 million war chest to support pro-crypto U.S. candidates, potentially shifting control of the Senate to the GOP in the upcoming November elections. This unprecedented financial mobilization aims to protect the fortunes of crypto billionaires by backing candidates who favor light-touch regulation of the embattled industry. Recent contributions include $75 million from Ripple Labs and venture capital firm Andreessen Horowitz, further fueling the industry's political influence. Fairshake and allied groups have nearly doubled their funding. Schumer is backing Stabenow’s effort in the Senate.
🇺🇸WILL CRYPTO BE A KEY ISSUE IN THE U.S ELECTIONS? Fairshake, the crypto industry’s political action committee, and allied groups have nearly doubled their funding in the past few weeks. They received around $75 million from Ripple Labs, venture capital firm Andreessen… https://t.co/mNKw9716Zn
Crypto billionaires and their allies have amassed a $160 million war chest to protect their fortunes by bolstering US candidates who favor light-touch regulation of the embattled industry https://t.co/HRtOHF0lHO via @crypto @StevenTDennis
FREE GIFT LINK — Fresh talk in Senate of a crypto deal after Ripple, Coinbase, etc. poured another $75M into its mega superpac in last couple weeks — fueling a war chest that threatens to flip control of the US Senate in the November elections. * SCHUMER backing STABENOW effort… https://t.co/y0e5KppLsG https://t.co/Hg7a1KAkx4
The growing influence of #cryptocurrency in U.S. politics could be pivotal in the 2024 presidential race. As the Biden administration faces backlash over regulatory measures, both Donald Trump and Robert F. Kennedy are courting the crypto community. https://t.co/dP8Otngk1w
The crypto industry has amassed a $160M war chest to bolster pro-crypto US candidates, which could be pivotal in handing the Senate majority to GOP in November (@steventdennis / Bloomberg) https://t.co/eYy5MZ8U6P 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/YDIptrgIcz
Crypto Titans’ $160 Million War Chest Threatens Senate Democrats - BBG
Bloomberg: Crypto billionaires and their allies have amassed a $160 million war chest to protect their fortunes by bolstering US candidates who favor light-touch regulation of the embattled industry. https://t.co/JKd7yrpNwV
Crypto titans have assembled a massive, unprecedented war chest, which poses a threat to Democrats' control of the US Senate this fall https://t.co/zDSKWaW2ZE