Cryptocurrency industry is spending more than any other to sway California congressional races

"This scale of election spending is something that no other corporations are doing. There have definitely been corporate campaigns and corporate spending, but nothing on this scale, and nothing that is so out in the open ... just radically and transparently transactional."

"The sheer amount of crypto spending during such a tight election year has the potential to influence which party controls Congress," said Rick Claypool, a research director at Public Citizen, a consumer advocacy nonprofit.

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