Crypto industry mobilizes $78 million war chest to influence 2024 elections
• Crypto industry leaders and investors have poured $78 million into a network of pro-crypto super PACs to influence the 2024 elections • Backers include Coinbase, Andreessen Horowitz, the Winklevoss twins, Circle, Kraken, Paradigm, and Ripple • Goal is to support crypto-friendly candidates and policies as industry faces scrutiny from regulators • Comes as industry lobbies for crypto legislation in House, faces hurdles in Senate and with Biden admin • Donations won't be fully public until 2023 but early supporters signal "serious commitment" to election engagement