The cryptocurrency industry poured $40 million into Ohio Senate candidate Bernie Moreno's campaign, making it a pivotal part of an ambitious multistate effort to influence elections.
This year’s elections saw $135 million spent by crypto-related PACs, representing one of the most aggressive corporate spending sprees in modern political history, aimed at supporting pro-crypto candidates.
The results in Ohio were a major win for the crypto industry, as Moreno's victory signals an increase in pro-crypto sentiment, with 253 pro-crypto candidates elected nationwide.
Experts argue that the aggressive funding strategy by crypto firms underscores their desire for softer regulations and a significant foothold in American politics.
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