Crypto-industry groups have spent about $176 million across more than 100 U.S. midterm races, aiming to build bipartisan congressional support for their legislative priorities, according to BlockBeats.
Fairshake accounts for most reported spending
As of Oct. 20, super PAC Fairshake and its affiliates had spent about $150.8 million, while other crypto organizations had spent about $25 million. Fairshake said 53 of the 58 candidates it backed in primaries or special elections this year won.
The CLARITY Act remains the industry’s core objective, but the bill has stalled in the current Congress. The spending totals and strategy are reported figures attributed to BlockBeats and its cited sources, not an independent audit. Read the English BlockBeats flash (original Chinese: BlockBeats flash).