The funds raised by the cryptocurrency industry for U.S. elections have supported over 20 congressional candidates in winning their primaries

ChainCatcher news, according to CoinDesk, the digital asset industry has raised $169 million for U.S. campaigns, which has so far supported over 20 congressional candidates in their primary victories for the 2024 elections. The vast majority of the funds are managed through a coordinated group of PACs under Fairshake. The companies behind Fairshake PAC and its affiliates declined to answer questions about their origins or ongoing relationships with the organization. Additionally, it is noteworthy that the crypto industry is spending millions on advertisements that typically do not mention cryptocurrencies.