Crypto-Backed Super-PAC Invests $15 Million in Pro-Crypto Senate Candidates

Crypto-Backed Super-PAC Invests $15 Million in Pro-Crypto Senate Candidates

A super-Political Action Committee (PAC) allied with the crypto industry, FairShake, has launched an effort to support pro-crypto Senate candidates in the midterm elections. The group is launching its effort with a $12 million boost for Republican Ohio Senate nominee Bernie Moreno, and $3 million donations to Senate candidates Rep. Ruben Gallego (D-Ariz.) and Rep. Elissa Slotkin (D-Mich.). FairShake previously donated a total of $25 million to 18 pro-crypto House candidates from both parties. The group's support for pro-crypto candidates is part of a larger effort to promote the adoption of cryptocurrencies and blockchain technology. The crypto industry has been growing rapidly in recent years, and its proponents believe that it has the potential to revolutionize the way we think about money and finance. However, the industry has also faced a number of challenges, including regulatory uncertainty and volatility in the prices of cryptocurrencies. FairShake's support for pro-crypto candidates is a sign that the industry is becoming more politically active. The group's goal is to help elect candidates who will support policies that promote the growth of the crypto industry. The midterm elections will be held on November 8, 2022. FairShake's support for pro-crypto candidates is likely to have a significant impact on the outcome of the elections.