Crypto companies are set to make an impact in key House and Senate races this fall, but their influence is already shaping Congress.
A super PAC bankrolled by a small group of crypto companies has backed the winning candidate in 33 of the 35 House and Senate primary races it entered.
Fairshake PAC, which supports candidates across the political spectrum whose positions align with the crypto industry's, will enter the general election campaign season with more than $100 million that it plans to spend to elect pro-crypto lawmakers to the House and Senate.to Westchester County Executive George Latimer. Bowman's loss was due in part to his vocal criticisms of Israel.
Of the $160 million in total contributions Fairshake has raised since it was founded, around $155 million — or 94% — can be traced back to just four companies: Ripple, Andreesen Horowitz, Coinbase and Jump Crypto.says it has collected more than 1.1 million email addresses of crypto"advocates," that it hopes to engage all the way to the ballot box.
He also said the group is tapping into what he sees as a grassroots movement in order to let"Americans who own crypto to be a part of the process." Senator Jon Tester responds to reporters asking about the Supreme Court nomination of Judge Brett Kavanaugh in the wake of a woman's accusation that Kavanaugh sexually assaulted her 36 years ago, as he walks through the U.S. Senate subway on Capitol Hill, September 18, 2018.
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