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Crypto-Backed Super PACs in Focus as Lawmakers Push $5,000 Donation Cap

Crypto-Backed Super PACs in Focus as Lawmakers Push $5,000 Donation Cap

Key Takeaways

Super PAC Cap Would Reshape Election Spending

U.S. Representative Summer Lee and Senator Bernie Sanders unveiled the Abolish Super PACs Act in an announcement on May 20, 2026, reviving an earlier House effort with a Senate companion measure designed to place new limits on contributions to super PACs. Super PACs are a type of political action committee (PAC) that can raise unlimited funds for independent election spending.

The announcement said the measure…

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