Crypto Industry Political Groups Reserve Nearly $180 Million for U.S. Midterm Elections

On April 22, political action committees in the crypto industry accumulated a reserve of $180 million for the U.S. midterm elections, surpassing the funds of some major Republican super PACs. Reports indicate that most of this funding was carried over from last year, with the vast majority held by Fairshake. Major backers of Fairshake include an exchange, Ripple Labs, and Andreessen Horowitz.