Crypto PACs Spent Nearly $170M Ahead of Tomorrow's US Midterms
• Per CoinDesk, the three biggest crypto super PACs spent close to $170M. Fairshake alone spent $154M, holds $56M for next cycle, and put ~$56M into defeating Sherrod Brown in Ohio.
• The Winklevoss-backed Digital Freedom Fund committed $8M+ to races in Ohio, Texas and Iowa. All three PACs leaned Republican.
• Polls and Kalshi (~70%) favor Democrats taking both chambers.
Even if crypto's picks win, big bills still need Democratic votes to clear 60 in the Senate. Expect volatility around election night.
Not investment advice. DYOR.
• Per CoinDesk, the three biggest crypto super PACs spent close to $170M. Fairshake alone spent $154M, holds $56M for next cycle, and put ~$56M into defeating Sherrod Brown in Ohio.
• The Winklevoss-backed Digital Freedom Fund committed $8M+ to races in Ohio, Texas and Iowa. All three PACs leaned Republican.
• Polls and Kalshi (~70%) favor Democrats taking both chambers.
Even if crypto's picks win, big bills still need Democratic votes to clear 60 in the Senate. Expect volatility around election night.
Not investment advice. DYOR.
