The crypto industry is significantly influencing U.S. congressional races in 2024 through substantial financial contributions. The pro-crypto Fairshake super PAC has raised $169 million from major entities like Coinbase, Ripple, and a16z, and has supported more than 20 congressional primary wins. Overall, the crypto industry super PACs have raised over $187.4 million this election cycle, with one PAC alone raising $85 million in May. These funds, including $100 million for House and Senate races, have been strategically deployed to back candidates, with a notable absence of direct mentions of crypto in their advertising campaigns. The Fairshake PAC's efforts have resulted in a 33-2 record in primary races, and they are now threatening to jump into key Senate races, positioning the crypto industry as a formidable force in the 2024 elections.
In May, one crypto super PAC alone raised $85 million to influence this year's elections. Three crypto PACs have already raised over $187.4 million this cycle. Now they're threatening to jump into key Senate races to try handing the Senate to the GOP. https://t.co/aKIoQmlCb0
The crypto industry has been deploying a $169 million fund that's (so far) supported more than 20 U.S. congressional primary wins in the 2024 elections. But there's one thing the millions of dollars of ads are missing. 👀 A mention of crypto. 🔗 https://t.co/nYNDxGqr4V https://t.co/x2bpVive2u
The Crypto Industry’s Influence on U.S. Elections is Bigger Than Ever, Industry Insiders Say https://t.co/IGc1Y8gjTA via @coindesk
A look at the pro-crypto Fairshake super PAC, which raised $169M from Coinbase, Ripple, a16z, and more, and has backed 20+ US congressional primary wins in 2024 (@jesseahamilton / CoinDesk) https://t.co/rTFbONNzYy 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/YxBDfC5bIg
Crypto Industry Super PAC Is 33-2 In Primaries, With $100 Million For House and Senate Races https://t.co/O94LDUNL3n
IN DEPTH: The crypto industry aimed a dump truck of cash toward U.S. congressional races, but those who filled it won't talk about who's steering. @jesseahamilton reports on Fairshake PAC and how digital assets companies are shaking up #election2024. https://t.co/AezFq71Oul
IN DEPTH: The crypto industry aimed a dump truck of cash toward U.S. congressional races, but those who filled it won't talk about who's steering. @jesseahamilton reports on Fairshake PAC and how digital assets companies are shaking up #election2024 https://t.co/aY8hDaLjYp
Crypto industry super PAC is 33-2 in primaries, with $100 million for House, Senate races https://t.co/IF0HC8xps5