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US crypto super PACs have raised more than $100 million, report says

From channelnewsasia.com

Outside political groups tied to the cryptocurrency industry have raised more than $102 million to spend on the upcoming U.S. congressional elections in order to elevate candidates who are friendly to digital assets, according to a report from Public Citizen. Only two other political groups, or super PACs, have raised more money than the crypto sector this election cycle, Public Citizen said. The money raised by crypto-backed super PACs shows how crypto companies are hoping to influence policies in their favor as the industry is facing increased scrutiny from regulators such as the Securities and Exchange Commission, ... (full story)

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