Regulation· ★★★· neutral·

Crypto PAC Fairshake spends $30M against Democrats in US midterms

  • —Fairshake spent $40M to defeat Brown in 2024 and has now added $30M
  • —Brown leads Republican Jon Husted by nearly 5 points in polling averages
  • —Crypto.com parent Foris Dax donated $35M to MAGA Inc
  • —Democrats threaten to block CLARITY Act in the lame-duck session
Why it matters: The crypto industry is betting on Republicans but risks losing Democratic support needed to pass market structure legislation.
Source: CoinGeek