Pro-crypto candidates win big as crypto firms pour $130 million in 2024 US elections
The 2024 US Presidential election proved to be a critical opportunity for crypto firms, which invested tens of millions of dollars to back candidates who supported more lenient regulations for the sector.
American businessman, politician Bernardo Moreno who is a long time crypto enthusiast secured his win, thanks to a major boost of more than $130 million from the cryptocurrency industry.
The push allowed Republican candidate Moreno to win the Ohio senate race, defeating Democrat Sherrod Brown, who chairs the influential Senate banking committee and has a strict call for crypto firms.
According to a New York Times report, a massive fund was utilized by crypto firms to broadcast ads across Ohio, in an attempt to influence crucial…
