Crypto cash backs potential new allies in Congress as industry's PAC presence widens
60-second summary
Crypto's growing influence in Washington is evident as its PACs expand their presence, shifting focus from bipartisan to Republican support. At least three crypto-focused PACs have abandoned their bipartisan approach, instead targeting GOP lawmakers. This shift may signal a stronger push for pro-crypto legislation, potentially paving the way for favorable regulatory changes in Congress.
As crypto world notches political wins in Texas and beyond, some of its emerging political action committees ditch bipartisan approach for a Republican focus.