Crypto Sweep Puts Congress on Notice: Vote With Us or We’ll Come After You With Millions

A slew of pro-crypto congressional candidates won races that included at least two Senate seats.

The election of Trump , who has promised to make America the world’s “crypto capital,” sent bitcoin prices soaring.

The industry raised more than $197 million and spent at least $133 million on federal races.

The near-total victory put members of Congress on notice that if you don’t take positions favored by the industry, crypto will come after you.

In September 2022 , The Intercept received $ 500,000 from Sam Bankman-Fried’s foundation, Building a Stronger Future, as part of a $4 million grant to fund our pandemic prevention and biosafety coverage.

That grant has been suspended.