ChainCatcher news, according to Coindesk, a spokesperson for the U.S. Political Action Committee (PAC) confirmed that Jump Crypto has invested another $10 million in the committee, which is seeking to bring as many pro-cryptocurrency members as possible into Congress to achieve legislation pursued by the industry.

It is reported that the digital asset industry's Fairshake PAC is a heavyweight organization in Congress. As of Wednesday, Fairshake and its affiliated PACs have raised nearly $169 million to date, making this emerging industry one of the most powerful campaign financing institutions in the 2024 election.