Crypto Super PACs Amass Over $100 Million for U.S. Elections

Funds aim to support pro-crypto candidates amid regulatory scrutiny, focusing on key Senate races.

Crypto-backed super PACs have raised $102 million to influence the upcoming congressional elections.
Major contributors include Coinbase and Ripple Labs, with significant personal donations from industry executives.
The funds are primarily targeted at Senate races in Ohio and Montana, challenging incumbents critical of cryptocurrency.
Public Citizen reports that only two other political groups have raised more funds this election cycle.
The investment reflects the cryptocurrency industry's strategic push to shape favorable regulatory policies.