Crypto group backs bipartisan House members with $1 million each in midterm push
A major cryptocurrency campaign organization is set to invest heavily in a bipartisan group of House members ahead of the November midterms. The move comes as the industry seeks to strengthen its influence after a year of mixed progress in Congress. The list, shared exclusively with The Associated Press, features 19 Republicans and 13 Democrats, all of whom supported key legislation for the crypto sector.
Six members of the list will each receive $1 million in support, highlighting the group's commitment to backing candidates aligned with its priorities. The organization is positioning itself as one of the largest-spending interest groups in the upcoming elections, aiming to make a significant impact on the political landscape.
The bipartisan approach underscores the industry's efforts to build broad support across the political spectrum. Despite legislative setbacks, the crypto group is doubling down on its political strategy, hoping to advance its agenda through targeted campaign contributions.