Crypto Industry Political Donations Are Going to Democrats Too
- Protect Progress has spent $13 million on Democratic races
- Democratic lawmakers were a focus of FTX’s Bankman-Fried
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The crypto industry, whose hostility to the Biden Administration have led some major participants to publicly endorse Donald Trump, is spending millions through a pair of super PACs to shape the Democratic Party by intervening in congressional primaries.
The pro-crypto political action committee putting the most money behind Democrats is Protect Progress, which has spent over $13 million on US congressional campaigns.