The Crypto Industry Makes Its Biggest Midterm Bet Yet
AI Summary
The crypto industry has significantly invested $9.8 million in a super PAC to support Representative Barry Moore’s Senate bid in Alabama, highlighting the sector's growing political clout. Moore is viewed as a pro-crypto figure, suggesting the industry's keen interest in influencing policy favorable to digital currencies. This move underscores the crypto community's strategic efforts to secure political allies who align with their interests as regulatory scrutiny and competition in the digital asset space intensify.
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