Crypto-backed PAC allocates 8.6 million USD for Illinois elections prior to US midterms

Fairshake PAC, supported by companies like Ripple Labs and Coinbase, has invested 8.6 million USD in the Illinois political scene ahead of the midterm elections. This financial strategy is aimed at countering anti-crypto figures and endorsing pro-crypto politicians.

The PAC’s spending reflects a sixfold increase compared to its 2024 spending. So far, it holds a war chest of 193 million USD, signaling its commitment to influence the electoral landscape through financial support for favorable candidates.

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