🎉 The Cryptocurrency Political Action Committee (PAC) achieves a great victory, with 58 candidates and 54 elected!
In the recently concluded U.S. elections, a significant boon for the cryptocurrency industry! Over 90% of cryptocurrency-supporting candidates won congressional races, which is an overwhelming victory!
In this congressional candidate campaign, the cryptocurrency PAC raised over $238 million to support 58 candidates, 54 of whom achieved victory! This number is astonishing!
Fox reporter Eleanor Terrett reported that Fairshake and its coalition won 52 victories and 1 defeat in the campaign to "Protect Industry Progress" and "Defend American Jobs." Currently, 5 campaign results are still pending, with 2 leading and 3 temporarily trailing.
Notably, Senate Banking Committee Chairman Sherrod Brown lost to blockchain entrepreneur Bernie Moreno in Ohio, a victory aided by the PAC's $40 million campaign donation, particularly with prime-time ad placements that significantly boosted Moreno's visibility.
Analysis from blockchain data companies and Fox Business shows that the cryptocurrency industry has invested heavily in efforts to change Washington's perception of cryptocurrencies and support multiple pro-cryptocurrency candidates.
Among them, Coinbase, Ripple, and Andreessen Horowitz (a16z) are the largest donors in this campaign, investing a total of $160 million in politicians advocating favorable cryptocurrency regulatory frameworks in the PAC.
Reports indicate that Coinbase has donated $75 million to the cryptocurrency political action committee, with $25 million allocated for the 2026 midterm elections. Despite facing SEC enforcement actions, Ripple and Coinbase are actively supporting this election, showing their intent to improve the regulatory environment through political means.
Additionally, according to data from Stand With Crypto, there are currently 262 pro-cryptocurrency lawmakers successfully entering Congress, while there are 123 lawmakers with opposing views. This data highlights the significant increase and rapid growth of cryptocurrency's influence in the political arena.
💬 What do this series of actions and donations mean for the future of cryptocurrency? How do you view the influence of cryptocurrency in the political sphere and its future growth trends?
