Democrats in crypto talks are working against the campaign-season clock
Democratic senators who are trying to strike a bipartisan deal on major cryptocurrency legislation are also working against the clock as the industry prepares to flood the midterms with cash.
If the Senate talks don’t yield forward progress by next month or so, digital assets super PACs are likely to start spending big against lawmakers standing in the way of an industry-sought deal.
The network of cryptocurrency super PACs known as Fairshake, which played a key role in the 2024 cycle, has already amassed at least $141 million to spend in the midterms. This cycle has also seen the formation of two new crypto super PACs, Digital Freedom Fund and Fellowship, which are expected to spend at least $21 million and $100 million,…
