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Crypto spending big but thinking small on the campaign trail

Crypto spending big but thinking small on the campaign trail

Crypto still thinking small

I’ll give the crypto industry this much: They’re not giving up, our Claire Williams reports. After the rather public failure of their attempt to get a law passed regulating digital assets, the industry is keeping its checkbook open in an attempt to influence November’s congressional elections and, I imagine, get something passed in the next Congress.

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It’s not exactly clear how much money the industry has donated in total (put a pin in that, I want to come back to it), but it’s several million at least. The crypto lobbying vessel Fairshake (which in turn gets most of its money from Coinbase, Ripple, and the VC firm Andreessen Horowitz) has donated at least $1 million to three Republicans in the…

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