Crypto Industry's Election Impact

This is a Fairshake news story, published by CNBC, that relates primarily to Bernie Moreno news.

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crypto political lobby

CNBC

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Business

Business & Economics

How tech bros bought 'America's most pro-crypto Congress ever'

Summary

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82% Informative

Nearly 300 pro-crypto lawmakers will take seats in the House and Senate , according to Stand With Crypto .

In total, crypto-related PACs and other groups tied to the industry reeled in over $245 million .

Bernie Moreno defeated Democratic incumbent Senator Sherrod Brown , who was first elected to the House in 1992 .

Fairshake won all but three races in the general election, spending big on Republicans and Democrats gunning for key seats.

A PAC affiliated with Fairshake gave more than $10 million apiece to Democratic candidates for the Senate in Arizona and Michigan .

Fairshake declined to comment on whether it would spend to block another Brown Senate run.

Ex-Bitfinex strategy chief Phil Potter (over $1.6 million ), Multicoin Capital's Kyle Samani ($ 878,600 ), Paradigm co-founder Fred Ehrsam ($ 735,400 ), Union Square Ventures partner Fred Wilson ( $1,4 million ), Paxos CEO Charles Cascarilla ($ 198,500 ), BitGo CEO Mike Belshe ($ 119,825 ) Armstrong reportedly met with the president-elect to discuss appointments.