Bloomberg: Crypto industry political action committees accumulate $180 million in funds for the U.S. midterm elections
BlockBeats news, on April 21, according to Bloomberg, political action committees (PACs) related to the crypto industry have accumulated approximately $180 million in funds ahead of this year's U.S. midterm elections, giving them spending power that rivals or even surpasses some major Republican super PACs.
Most of these funds carried over from last year, with the vast majority concentrated in the "Fairshake" organization, which is mainly funded by a certain exchange, Ripple Labs, and venture capital firm Andreessen Horowitz, among other institutions.
This scale of funding highlights the crypto industry’s continuously growing political influence in the United States.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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