Crypto industry spends $176 million on US midterms

Crypto companies have poured roughly $176 million into more than 100 congressional races this election cycle. Most of the money went through super PAC Fairshake, which spent $150.8 million and saw 53 of its 58 backed candidates win.

• Crypto political spending reached $176 million across 100+ races
• Fairshake and affiliates spent $150.8 million through October 20
• 53 of 58 Fairshake-backed candidates won primaries or special elections
• Top legislative goal is the Clarity Act expanding CFTC oversight