On April 22, political action committees (PACs) from the cryptocurrency industry accumulated $180 million in reserves for the U.S. midterm elections, surpassing the funding levels of some major Republican super PACs. Reports indicate that most of these funds were carried over from the previous year, with the majority held by Fairshake. Fairshake’s primary contributors include Coinbase, Ripple Labs, and Andreessen Horowitz.
Political groups associated with the cryptocurrency industry have amassed nearly $180 million in funds for the U.S. midterm elections.
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