Crypto Elite's Election Victory

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crypto leaders

Washington Post

•

US Politics

Crypto cash helps propel Trump, other allies to 2024 election victory

Summary

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79% Informative

43 of the 58 candidates backed by a trio of new crypto-funded super PACs had been declared the winners of their races.

The groups, led by the organization Fairshake , spent more than $130 million nationally to advertise in congressional contests.

The results sent the price of bitcoin soaring above $76,000 , as crypto enthusiasts delighted in the hope that Trump might follow through on his promise to make the United States the “crypto capital of the planet”.

It marked the first election cycle for Fairshake and its two affiliates — Defend American Jobs, a super PAC focused on Republicans , and Protect Progress , which backed Democrats .

The groups spent about $3.4 million on Jim Justice , the newly elected Republican senator of West Virginia , and nearly $2.9 million for Shomari Figures , a Democrat vying for a House seat in Alabama .

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formal

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English

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not offensive

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not hateful