After Major Loss, Crypto PACs Put $1.5M Into 3 US State Races

Fairshake-affiliated political action committee groups have reported fresh ad spending aimed at congressional races in several states after a loss in

• Crypto PACs, including Fairshake affiliates, have spent over $1.5 million on ad campaigns supporting candidates in Florida, Alaska, and Wyoming.
• This spending follows a primary loss in Michigan where a supported candidate was defeated, highlighting the unpredictable nature of political advertising.
• The efforts are tied to influencing U.S. politics, particularly concerning proposed market-structure legislation like the CLARITY Act.

Topics: Political endorsements opposition, Jurisdictions, Pro innovation policy, Established hubs

Tags: #fairshake #cryptopacs #electionspending #usstateraces #marketstructurelegislation #defendamericanjobs #protectprogress #nickbegich #clarityact #geniusact

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Crypto industry backs Barry Moore in Alabama Senate race with nearly $7M war chest

• The crypto industry, primarily through the Fairshake affiliate Defend American Jobs, has heavily backed Rep. Barry Moore's Alabama Senate campaign with nearly $7 million.
• Moore's support stems from his legislative record, including backing the CLARITY Act and GENIUS Act, which aim to create clearer regulatory frameworks for digital assets, and his opposition to central bank digital currencies.
• His potential win could bolster the pro-crypto caucus in the Senate, though such significant industry spending may also lead to accusations of special-interest capture.

Topics: Political endorsements opposition, Legal regulatory, Pro innovation policy, Securities law classification

Tags: #barrymoore #alabamasenaterace #cryptoindustry #fairshake #defendamericanjobs #superpac #digitalassets #clarityact #geniusact #stablecoinregulation

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