The rapid pace of fundraising illustrates growing political momentum within the crypto industry as regulation continues to take center stage in Washington.
Josh Vlasto, a spokesperson for FairShake, stated:
“The voters last year were clear – Congress needs to stop playing politics with crypto and finally pass responsible regulation. We are building an aggressive, targeted strategy for next year to ensure that pro-crypto voices are heard in key races across the country.”
According to White:
“It’s no coincidence that the Fairshake crypto super PAC has timed its press release announcing they have $140 million ready for the midterms as Congress is considering three crypto bills during ‘Crypto Week.’ Pass our bills, or we will spend millions against you in the midterms.”
Pro-crypto groups like the Cedar Innovation Foundation have rallied in favor of the proposed legislation. In a statement shared with CryptoSlate, the group called these bills “the most crucial votes Congress will cast this session.”
They also stressed that digital asset market reform is crucial for the future of American innovation, security, and economic opportunity. The Foundation added:
“We can no longer afford the hodgepodge of 100-year-old regulations to keep consumers protected and govern the foundational technology of the present. It’s time for clear and responsible rules of the road for crypto to protect consumers, unlock American developers, and create good jobs here at home.”
