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CryptoIntelligence 2024-10-20 10:50:00

Crypto-Backed PACs Aggressively Spending Amid Early Voting

As early voting for the 2024 U.S. election is already underway in several states, cryptocurrency-backed political action committees (PACs) have reported approximately $1.3 million in expenditures to support campaigns for both Democratic and Republican candidates running for the House of Representatives. An Oct. 17 filing with the Federal Election Commission (FEC) revealed that the Fairshake PAC spent over $900,000 on media buys to support Democratic Representative Thomas Suozzi in New York’s 3rd Congressional District. The same PAC also disclosed spending more than $60,000 on media buys for Democratic Representative Yadira Caraveo in Colorado’s 8th Congressional District. Crypto Super PACs have

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