Crypto PACs Back Republicans, Shift Bipartisan Strategy

The cryptocurrency industry is increasingly leveraging political action committees (PACs) to influence elections, with a notable shift towards supporting Republican candidates. Major PACs like Fairshake have achieved significant victories, including the ousting of crypto critic Representative Al Green in Texas. While Fairshake remains a dominant force, new PACs are emerging, potentially altering the industry's long-standing bipartisan approach. This strategic pivot, fueled by substantial spending from key crypto businesses, aims to secure allies in Congress ahead of upcoming midterms and shape future regulatory landscapes.