Crypto-backed political action committees (PACs) have spent approximately $1.3 million supporting candidates in the 2024 election, with significant contributions to both Democratic and Republican campaigns. The Fairshake PAC alone reported over $900,000 in media buys for Democratic Representative Thomas Suozzi and additional funds for other candidates. As early voting begins, the influx of crypto funds is influencing key races that may determine control of Congress in 2025.
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