A political action committee supportive of cryptocurrencies secured victories in several state primaries but suffered a defeat in Florida’s 24th congressional district where it invested two million dollars. Fairshake PAC, which had a war chest of 193 million dollars as of January, spent over 130 million dollars supporting pro-crypto candidates during the 2024 election cycle. The group notably funded ads using fake Miami Herald headlines to misrepresent its opponent’s policy positions. These outcomes could influence the CLARITY Act, which passed the House 294-134 and is scheduled for a cloture motion in the Senate in September.
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