Crypto Super PACs Back the Winning Side in 28 of 30 Called House Races, 1 of 4 Senate Races
By Unchained
AI summary of the source article
Crypto super PACs backed winning candidates in 28 of 30 projected US House races but only one of four Senate races. Across projected races, $21.9 million of the $89.5 million spent was on the winning side.
Why it matters
The Digital Chamber CEO Cody Carbone noted that Democrats wanting to delay the Clarity Act were “probably a little nervous and hesitant about what the PAC money can do to your race if you’re up for election.”
Key facts
- Crypto super PACs backed winners in 28 of 30 projected House races and one of four Senate races.
- Only $21.9 million, or 24.4%, of the $89.5 million spent on projected races backed winning candidates.
- The Ohio Senate race drew $64.05 million, representing 94.7% of the $67.66 million spent on losing candidates.
Source excerpt · Unchained
An Unchained tally of FEC filings finds $21.9 million of the $89.5 million four crypto PACs spent on projected races since Sept. 1 was on the winning side. The post Crypto Super PACs Back the Winning Side in 28 of 30 Called House Races, 1 of 4 Senate Races appeared first on Unchained .