Crypto group with 440,000 members launches PAC to target House, Senate elections

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Crypto group with 440,000 members launches PAC to target House, Senate elections
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Crypto group with 440,000 members launches PAC to target House, Senate elections

NEW YORK - A cryptocurrency nonprofit has launched a new political action committee to raise money from its 440,000 members for crypto-friendly politicians and is endorsing a bipartisan slate of candidates running in the House of Representatives and the Senate.

Crypto super PACs Fairshake, Defend American Jobs, and Protect Progress have so far raised more than $110 million this election cycle, according to Federal Election Commission records. PACs like Stand With Crypto are typically set up to gather funds for candidates or political causes; they differ from super PACs, which can receive donations of unlimited size but cannot coordinate with campaigns directly.

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