Crypto cash backs potential new allies in Congress as industry's PAC presence widens

The U.S. cryptocurrency industry is increasingly influencing congressional elections by using substantial campaign funds through super PACs like Fairshake, Fellowship, and the Blockchain Leadership Fund. These organizations are strategically targeting both Democratic and Republican races, successfully unseating vocal industry critics while backing candidates perceived as favorable to digital asset innovation. While Fairshake maintains a bipartisan approach by operating through affiliated PACs, newer entities like Fellowship show a more pronounced Republican lean, reflecting shifting priorities and internal industry divisions regarding political alignment. Despite varied strategies, the collective spending underscores the sector's goal of ensuring a more crypto-friendly legislative environment in Washington.

(Source：CoinDesk)