Political action committees supporting the cryptocurrency industry are raising hundreds of millions of dollars.
The crypto industry is spending millions on the upcoming United States presidential election, and it appears the money is making a difference.
According to data collected by Open Secrets, the crypto-centric political action committee (PAC) Fairshake has accumulated over $202 million, making it a more successful fundraiser than anything else in the US political landscape.
Donald Trump’s keynote speech at the Bitcoin 2024 conference in Nashville, Tennessee, on July 27 is another indicator that the political classes are being won over. Trump, previously a crypto skeptic, appears to be fully onboard with the industry.
