According to ChainCatcher, cryptocurrency billionaires and their allies have amassed $160 million to protect their wealth by supporting U.S. candidates who lightly regulate the crypto industry, according to Bloomberg. This huge sum of money makes the cryptocurrency industry one of the most influential players in federal campaign funding.
It turns out that this kind of money can disrupt the California Senate race. In November, it could be the key to the Republicans winning a majority in the Senate.
