Crypto’s $135M Investment Pays Off: 48 Candidates Backed By PACs Win Nov. 5 Elections
The cryptocurrency industry has emerged as a notable political force, with over $135 million spent in the 2024 election cycle to support more than 50 candidates across the political spectrum.
As of Friday morning, all 48 candidates backed by major crypto political action committees (PACs) have been declared winners, according to Bloomberg, marking a significant victory for the industry and a potential shift in the regulation of digital assets for years to come.
‘Anti-Crypto Is A Career Ender’
The crypto industry’s spending was not limited to partisan lines; candidates from both the Democratic and Republican parties received support.
The largest investment came from Ohio, where over $40 million was directed towards…
