A crypto-backed political action committee (PAC) invested over $12 million in Alabama's Republican Senate primary runoff. This significant spending supported candidate Barry Moore, aiming to influence voters ahead of the crucial election.
A political action committee (PAC) named Defend American Jobs, largely funded by cryptocurrency interests, spent more than $12 million to support Republican candidate Barry Moore in Alabama. This funding targeted the state's Senate primary runoff election. The PAC reported spending $7.4 million on media campaigns before the initial May 20 primary, with an additional $4.7 million allocated for the Tuesday runoffs. This substantial financial backing highlights the growing influence of Web3 and crypto groups in political campaigns, as they aim to shape election outcomes and advance their interests through strategic campaign spending.
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