"Make Bitcoin Great Again" hats displayed for sale at the Bitcoin 2024 conference in Nashville, Tennessee, US, on Saturday, July 27, 2024.
With the 2024 election hitting its homestretch, the leading pro-crypto super PAC has funneled a big chunk of its final donations to close House races as part of an effort to push candidates favorable to the group's agenda over the top.
Of that sum, $20 million went to two affiliated PACs — $15 million to the Defend American Jobs PAC, a single-issue committee focused on cryptocurrency and blockchain policy that's favored Republicans, and $5 million to Protect Progress, which has only supported Democrats.
Of the House donations, $6.2 million went to Democratic candidates and $2.3 million to Republicans.
Crypto groups have spent over $130 million in congressional races for this year's election, including the primaries, according to FEC data.
Persons:
Trump, that's, Fairshake, James Delmore, Southern California Republicans David G, Valadao, Michael Garcia, They've, Delmore, Patrick Ryan, Steven Horsford, Angela Dawn Craig, Derek Yoo, Katie Porter
Organizations:
US, —, American Jobs PAC, Republicans, CNBC, Southern, Southern California Republicans, Democratic, Progress, Senate, Public Citizen, SEC, Moonsong, California Senate, Fairshake's, Crypto
Locations:
Nashville , Tennessee, New York , Nevada, California, Southern California, Illinois , Colorado , Oregon , Iowa, Arkansas, Arizona, Michigan, Utah