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The crypto industry has amassed a $193mn war chest to back candidates who support the sector in the upcoming midterm elections, as US lawmakers consider a landmark bill to create a trading structure for cryptocurrencies.
Fairshake, a fundraising vehicle backed by some of the biggest names in crypto, was a force in the previous election cycle when, together with affiliated groups, it spent more than $130mn supporting pro-crypto candidates from both main political parties.
The latest haul by the Political Action Committee (Pac), announced on Wednesday, includes a $25mn contribution from Coinbase, $25mn…
