Crypto’s $135 Million Campaign Is Undefeated in 48 Races So Far
The industry is taking a victory lap — and betting its lavish and bipartisan spending translates to influence in Washington.
Hours after the Presidential election was called, a crypto-backed lobbying group issued a statement celebrating “the most pro-blockchain and pro-crypto Congress in history.”
Photographer: Al Drago/BloombergThis article is for subscribers only.
The cryptocurrency industry spent about $135 million in the 2024 election cycle to back more than 50 candidates, including Democrats and Republicans, incumbents and challengers, shoo-ins and longshots.
But they all now share something in common: Victory.