Crypto group to fund bipartisan House races after legislative setbacks
A prominent cryptocurrency advocacy group is planning to invest millions of dollars in a bipartisan group of House races following the delay of key legislation in the sector. The group aims to support candidates from both major political parties who are receptive to pro-crypto policies, with the goal of advancing legislation in the next Congress.
The decision comes after significant crypto-related bills, including measures to provide regulatory clarity and promote innovation, have stalled in the current legislative session. The group believes that by backing a diverse slate of candidates, they can build momentum for crypto-friendly policies regardless of which party gains control of the House.
While the exact amount of funding has not been disclosed, the group has emphasized that their financial support will be substantial and targeted at competitive races. They hope to leverage this investment to influence the policy landscape in favor of the cryptocurrency industry.