Cryptocurrency giants have raised $160 million to support crypto-friendly candidates in the U.S

ChainCatcher news, according to Bloomberg, cryptocurrency billionaires and their allies have amassed $160 million in funding to protect their wealth by supporting U.S. candidates who advocate for light regulation of the crypto industry. This substantial amount has made the cryptocurrency industry one of the most influential players in federal campaign financing.

This funding could disrupt the California Senate race. In November, it may become crucial for the Republicans to gain a majority in the Senate.