A new, unholy alliance has emerged on Capitol Hill, and it's hoping not just to recraft governmental policy around digital funny money but to push its antiregulatory agenda across a whole host of elections.
For the open California Senate seat, crypto-backed super PAC Fairshake splurged $10 million on ads against candidate Katie Porter, whose progressivism and crypto skepticism made her an enemy of the industry. She, of course, would lose.
Protect Progress has put millions behind candidates who have explicitly expressed their support for the crypto industry. The group blew nearly $2 million to boost Shomari Figures in the Democratic primary for Alabama's 2nd Congressional District; he ended up winning the April 16 runoff by 22 points.
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