Enter The Crypto Super PACs
A trio of super PACs, backed by the heavyweights of the cryptocurrency world, has amassed a staggering $78 million war chest. Leading this financial charge are none other than venture capital giant Andreessen Horowitz, U.S. crypto exchange Coinbase, and the infamous Winklevoss twins. 💰
The strategy? To back candidates who are friendly to crypto policies, as the industry faces intense scrutiny from federal regulators. Fairshake, one of the super PACs, is already funneling over $1.2 million into TV ads for House candidates, signaling a serious commitment to influencing the political landscape.