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The Crypto Industry Makes Its Biggest Midterm Bet Yet
The cryptocurrency industry’s biggest bet of the midterm election cycle so far has flown mostly under the radar. It has been placed in Alabama, where a group tied to the main crypto super PAC, Fairshake, has spent $9.8 million on ads to try to elect a pro-crypto Republican congressman, Barry Moore, according to data from the media tracking firm AdImpact. Fairshake said its total spending in the race, including on things like direct mail, came to $12.1 million. Fairshake is by far the biggest spender in the race. Whether that deluge worked will be revealed on Tuesday, when Mr. Moore tries to win his primary runoff ... (full story)
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