Big crypto wants the one thing it can’t buy: your vote
Source: CoinDesk ·
From the source
Our loyalty has been to the technology. This election, the trap is to let the biggest intermediaries claim it for themselves, argues Berkeley Law lecturer Hermine Wong. Tomorrow, Ohio votes in one of only three non-presidential races ever to top $500 million in advertising, and the second this cycle, behind Texas. Crypto’s super PACs alone have flooded $63 million into the Ohio race, aimed at one outcome: keep Sherrod Brown out of the Senate . The Fairshake super PAC network accounts for $56 million; the other $7 million comes from the Winklevoss twins’ PAC, the Digital Freedom Fund. Fairshake’s spokesperson claims it “always will be an issue-focused organization. We back pro-crypto candidates who support American innovation in both parties.” But Brown lost his seat in 2024. He hasn’t cast a vote either for or against crypto the entire 119th Congress. Nevertheless, Fairshake announced its largest funding commitment to block Brown just days after Senate Democrats blocked the Clarity…
BestAIBroker analysis
- Finance-aware sentiment: slightly negative (-0.15 on a -1 to +1 scale).
- Event classification: OTHER.
- Market importance score: 27/100, weighting entity relevance, source credibility, multi-outlet coverage and recency.