Summary
TLDR: Fairshake, a super PAC funded by major crypto players, plans to focus on U.S. Senate races in Ohio, Montana, Maryland, and Michigan. The PAC will support pro-crypto candidates in key races to potentially shift the balance of power in Congress. Fairshake aims to influence the creation of crypto regulations by strategically supporting candidates in close races.
Key Points
1. Fairshake, a super PAC funded by major crypto players, has raised over $85 million and is focusing its efforts on four key U.S. Senate races in Ohio, Montana, Maryland, and Michigan.
2. Ohio and Montana, both states with vulnerable Democratic senators up for re-election, are targets for Fairshake’s campaign efforts. Senators Sherrod Brown of Ohio and John Tester of Montana have made critical comments about crypto in the past.
3. Fairshake aims to impact the balance of power in Congress by strategically supporting candidates who advocate for the creation and adoption of crypto industry regulations, with the goal of building a sustainable, bipartisan crypto and blockchain coalition.