On July 15, Fairshake, a political action committee dedicated to advancing cryptocurrency interests, disclosed it has amassed a total of $141 million in funding ahead of the upcoming midterm elections. According to The Block, this substantial capital accumulation includes $109 million raised since the U.S. presidential election last November, alongside an additional $52 million secured in the first half of 2024. Fairshake’s fundraising efforts underscore the growing financial influence of crypto-focused PACs in shaping electoral outcomes and policy discussions. This influx of capital highlights the strategic mobilization of resources within the crypto sector to impact legislative agendas, reflecting the increasing intersection of digital assets and political finance.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024