Jesse Hamilton is CoinDesk's deputy managing editor for global policy and regulation. He doesn't hold any crypto.
Another $10 million donated by Jump Crypto to the industry's U.S. campaign super PAC has further amplified the spending potential in congressional races.Jump Crypto put another $10 million into the U.S. political action committee that's seeking to rush as many pro-crypto members into Congress as possible to achieve legislation the industry is after, a spokesman for the PAC confirmed.
"The crypto and blockchain communities have truly come together to form a sustainable bipartisan coalition and an effective operation that is built for the long term," Vlasto said in a statement."We will continue to support candidates who are committed to getting things done and working with the industry to pass responsible regulation that drives innovation, creates jobs, and sustains America’s global leadership.
Fairshake and its brethren were still holding onto $109 million as of the May 31 filing with the Federal Election Commission, Vlasto said, with less than five months to go before the final voting. The spokesman confirmed the PAC has no plans to support presidential candidates, so the aim is to find proven congressional incumbents and crypto-friendly candidates.
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