Regulation
The Crypto Titans’ $160 Million War Chest Threatens Senate Democrats
Crypto billionaires and their allies have amassed a $160 million war chest to protect their fortunes by backing U.S. candidates who favor light regulation of the troubled sector.
The staggering sum makes the cryptocurrency industry one of the most influential players in federal campaign finance. It’s the kind of money that has already proven it can ruin California’s Senate race. In November it could be crucial to handing over the Senate majority to the Republicans.