Crypto Industry Pours $176 Million Into US Midterm Elections
The massive spending aims to support political allies as the industry prepares for the post-Trump era.
The cryptocurrency industry has poured roughly $176 million into the US midterm elections to back candidates supportive of the sector, news agency Reuters and Yahoo reported.
According to the reports, the massive influx of campaign funds reflects the industry's efforts to cement its political standing and secure legislative allies on Capitol Hill as it prepares for life after President Donald Trump.
Further details regarding the exact breakdown of the funding allocations and the recipient candidates have not yet been released.