Regulation
Crypto PACs Spend $170M on Midterms, Outpacing AI Groups Despite Key Losses
TL;DR: The three largest political action committees linked to cryptocurrencies amassed an estimated expenditure of $170 million during the U.S. election cycle. Political action groups focused on artificial intelligence reported disbursements of approximately $72 million over the same period. The campaign of more than $64 million aimed at challenging the seat of Democratic Ohio Senator Sherrod Brown concluded with the lawmaker’s victory. The financial deployment of crypto sector PACs reached at least $170 million during the U.S. midterm elections , surpassing the spending of AI-focused committees amid mixed results for their endorsed candidates. Journalist Eleanor Terrett posted this Wednesday, November...
Crypto Economy6 min read
