Crypto Super PACs Fund Congressional Races
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cryptocurrency CEOsCNN
•The crypto industry plowed tens of millions into the election. Now, it’s looking for a return on that investment
79% Informative
Super PACs spent $131 million to help elect dozens of pro-crypto lawmakers this election cycle.
Industry groups are lobbying Congress to pass a regulatory framework that they say is needed to pull crypto into the mainstream of the US financial system.
The industry could be well-positioned heading into the new session of Congress .
How Washington regulates the industry has enormous consequences for this burgeoning sector, along with 52 million Americans .
Marc Andreessen and Ben Horowitz each donated $2.5 million to pro-Trump super PAC Right for America .
Tyler and Cameron Winklevoss , twin brother crypto tycoons, each donated about $1 million apiece in Bitcoin to a Trump joint fundraising committee.
Consumer groups say this year ’s political spending blitz set off alarms about the newfound clout of a single sector.
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