Crypto backing in the U.S. election is gaining traction at an accelerating pace. The crypto community looks to draw as much influence when it comes to regulations.

This strategy has proved to work for the tech and banking industries, which built political influence over decades.

Fairshake to back 5 candidates in midterm elections

Fairshake, a major cryptocurrency industry Super PAC, raised over $160 million to influence the 2024 U.S. elections by supporting pro-crypto candidates, regardless of party.

As per latest reports, Fairshake’s crypto-backed political action committees (PACs) are targeting five states to cement their influence. More than $7.2 million has been donated in support of these candidates.

This capital will fund…