Crypto companies including Ripple and Coinbase, through the political committee Fairshake, spent more than $2 million to oppose the incumbent in the Democratic primary in New York's 16th Congressional District. Fairshake led a media campaign against the re-election of Democratic Representative Jamaal Bowman. Bowman voted against the Financial Innovation and Technology for the 21st Century (FIT21) bill, which was supported by 71 Democrats and 208 Republicans in the House of Representatives, as well as the anti-government surveillance of CBDC bill and the joint resolution to revise the SEC rule. exchanges about the work of banks with cryptocurrency. 📉