Crypto PAC Launches Multi-Million Dollar Campaign Against Katie Porter

The crypto-focused political action committee, Fairshake, targets Rep. Katie Porter with negative ads in the California Senate race, aiming to influence the outcome of the March primary.

Fairshake, a crypto PAC, has initiated a multi-million dollar ad campaign against Katie Porter, a Democratic candidate for the California Senate.
The PAC's efforts are part of a broader strategy to influence the 2024 elections, with an $80 million war chest reportedly funded by major crypto firms.
Porter, known for her consumer advocacy, has been critical of the cryptocurrency industry, particularly over environmental concerns related to crypto mining.
The attack ads accuse Porter of accepting donations from corporate interests, despite her claims of not taking corporate PAC money.
The campaign against Porter marks the first major negative TV ad campaign against a Democrat in the California Senate race, highlighting the crypto industry's intent to sway the election.