Crypto spent $55 million defending a senator who already backed CLARITY
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Defend American Jobs, a crypto-backed political group, spent over $55 million between Sept. 21 and Oct. 26 supporting Republican Jon Husted and opposing Sherrod Brown in Ohio, according to Americans for Financial Reform. Husted had already voted to advance the CLARITY Act, the crypto market-structure bill. The spending comes as voters head to the polls today, Nov. 3, in midterm elections that will determine control of Congress. The outlay underscores how heavily crypto interests are investing in races even where the favored candidate already backs their legislative priorities. Watch whether the spending translates into wins for crypto-aligned candidates and how a new Congress handles CLARITY and related digital-asset legislation.
Muhabbit's AI wrote this summary in its own words from CryptoSlate's report. It can get details wrong, so check the source.
Named in this story
Defend American Jobs, Jon Husted, CLARITY Act, Sherrod Brown, Ohio, Americans for Financial Reform