Top crypto PAC targets close House races as 2024 election hits final stages
The pro-crypto PAC Fairshake disbursed nearly $29 million in September, with a big chunk targeting close House races.
With the 2024 election hitting its homestretch, the leading pro-crypto super PAC has funneled a big chunk of its final donations to close House races as part of an effort to push candidates favorable to the group's agenda over the top.
Fairshake, which has been one of the top spenders across any industry this election cycle, doled out nearly $29 million in September, according to Federal Election commission data released to the public on Sunday. Of that sum, $20 million went to two affiliated PACs — $15 million to the Defend American Jobs PAC, a single-issue committee focused on cryptocurrency and blockchain policy that's favored Republicans, and $5 million to Protect Progress, which has only supported Democrats.
The remaining $8.8 million spent by Fairshake last month mostly went to House races in New York, Nevada and California, according to FEC data compiled by crypto market and blockchain analyst James Delmore and verified by CNBC.
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