Majority of candidates backed by pro-crypto PACs won the elections
Pro-crypto political action committees (PACs) scored significant victories in the U.S. elections, with 48 of their endorsed candidates winning as of Nov. 8, positioning the industry for stronger influence in Washington, Bloomberg News reported.
A record-breaking $135 million in PAC investments spanned over 50 candidates, crossing party lines to support both Democrats and Republicans, according to Bloomberg News. Over 60% of the funds were directed toward Republican candidates or against Democratic opponents.
Crypto PACs, led by the sector’s largest super PAC, Fairshake, strategically supported key races without directly highlighting regulatory interests. Instead, their ads focused on broader themes like economic growth and social…
