Crypto Increases Influence, Pours Millions in Elections
Crypto is involved in the US election cycle like never before with backers directing more money to support their industry than any other single-issue interest group. Leading the way is the super PAC, Fairshake, which backs Republicans and Democrats as long as they back crypto, and attack members of both parties who don’t. When added up, crypto donors have given more than $190 million at the federal level. As part of special coverage of DC Fintech Week, Bloomberg’s Tim Stenovec breaks down the increasing influence of crypto on US elections.
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