Crypto’s $135M Investment Pays Off: 48 Candidates Backed By PACs Win Nov. 5 Elections

Quick Summary:

The cryptocurrency industry has emerged as a notable political force, with over $135 million spent in the 2024 election cycle to support more than 50 candidates across the political spectrum.

According to Bloomberg, the industry plans to continue its push for favorable regulations, leveraging its recent electoral success to bolster its advocacy efforts.

For example, Republican Sam Brown in the Nevada Senate race began highlighting blockchain innovation as a key campaign issue after significant ad spending by Fairshake.

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Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets: Hungary

Topics: Crypto News Cryptocurrencies Cryptocurrency Crypto news Digital currency Crypto regulation Pro-crypto candidate Crypto Pro-Crypto Politicians Pro-Crypto Congress DeFi

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-09 @ 11:00:02 (4 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 485 words

Reading Time: 3 minutes read

Sentences: 31 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23478786

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 11 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 10 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #105

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