Fairshake PAC spent $29M in September, heavily influencing tight U.S. House races.
Crypto donations are bipartisan, with $6.2M going to Democrats and $2.3M to Republicans.
The crypto industry is a major 2024 election donor, contributing $190M, half from corporate sources.
Fairshake, a top pro-crypto super PAC, spent nearly $29 million in September to back pro-crypto candidates in tight House races across the U.S., aiming to shape future cryptocurrency policy. Data from the Federal Election Commission (FEC) shows a significant portion of this money went to competitive districts, supporting candidates favorable to the cryptocurrency industry.
Top crypto PAC targets close House races as 2024 election hits final stages https://t.co/rMMhxsgt8j
— CNBC (@CNBC) October 20, 2024
Millions Flow Through Affiliated PACs for Targeted Crypto Influence
Of Fairshake’s September spending, $20 million was funneled into two affiliated PACs: Defend American Jobs PAC and Protect Progress PAC. Defend American Jobs PAC, which focuses on cryptocurrency and blockchain policy, allocated $15 million to support Republican candidates, while Protect Progress PAC directed $5 mi…
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