Crypto Giants Pool $78 Million for Influential Super PAC in 2024 Election

The crypto industry has raised $78 million for a super PAC called Fairshake, with contributions from companies like Coinbase, Circle, and Kraken, as well as tech investors like Andreessen Horowitz and the Winklevoss twins. The funds will be used to support pro-crypto candidates and advance crypto legislation. This significant amount of money highlights the industry's growing political influence and its desire to shape regulations tailored to digital assets. The move also aims to improve the industry's image, which has been marred by recent scandals involving crypto exchanges and executives.