Crypto political groups, Defend American Jobs and Protect Progress, spent over $1.5 million. They targeted four House and Senate races before the August 18 primary elections, aiming to influence key outcomes.
Crypto-focused political action committees (PACs) recently invested heavily in US state elections. The "Defend American Jobs" and "Protect Progress" PACs reported spending more than $1.5 million. This money went towards media campaigns for four important House and Senate races. The spending happened just before the primary elections on August 18. These groups aim to support candidates who understand and back the crypto and Web3 industry. Their goal is to help elect politicians who will create favorable policies for digital assets. This significant financial push highlights the growing efforts by the crypto sector to shape future regulation and political outcomes.
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