CoinDesk reported that crypto political action committees made a stronger push toward Republican candidates in the final weeks before the Nov. 3 election. The move came even as polling data and online betting markets were indicating that Democrats had a high chance of gaining greater power in Congress. The report frames the industry’s most visible political backing as moving in the opposite direction from those expectations. The input does not provide the names of the PACs involved, the size of the spending, or specific races affected, and those details were not disclosed in this brief item.
Crypto political action committees made a major push in support of Republicans during the final weeks before the Nov. 3 election, according to CoinDesk.
The report said that even as polling and online wagers pointed to a high chance that Democrats would gain greater power in Congress, the crypto industry’s high-profile political support moved the other way.
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