Overview

• 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.