Topic
Campaign contributions, super PACs and electoral targeting funded by cryptocurrency companies and their investors.
Coinbase-backed Stand With Crypto named its first three Senate endorsements two weeks after the Clarity Act failed 49-50. The group funds no campaigns itself, so its main Ohio pick depends on PAC money, starting with Fairshake's $30 million pledge for Jon Husted against Sherrod Brown.
Reality
The Senate's 49-50 procedural vote left the securities-versus-commodities test where it already was, with the SEC and CFTC free to keep writing rules under existing powers and those rules open to court challenge.
Reality
The crypto super PAC is spending $30 million in Ohio over six weeks, about a quarter of the $120.4 million it and its affiliates reported on September 20. The target is a Senate Banking gavel that Democratic caucus rules do not automatically restore.
Perspective Coverage
5 publishersReality
More than $200 million of 2024 political spending bought accommodating regulators rather than a statute, and a Sept. 15 procedural vote is what now separates the industry from two more years of interpretive guidance.
Reality
Public Citizen counts $517 million of corporate spending on House and Senate races in 15 months, with crypto, tech and gaming supplying at least $294 million of it.
Reality