The crypto industry has spent about $176 million on more than 100 US midterm election races, seeking to build a bipartisan coalition of allies in Congress to advance its interests. The Japan Times reports.

The largest cryptocurrency super PAC, Fairshake, and its affiliated committees had spent about $150.8 million on the campaign as of October 20. Other crypto groups spent approximately $25 million. Fairshake said that 53 of the 58 candidates it backed in primaries or special elections this year won and will appear on ballots on November 3.

Support for candidates

The main financiers of the political committees are Coinbase, Ripple, and…