Crypto titans launch 2024 election play with $78M super PAC spend – POLITICO

A trio of super PACs backed by cryptocurrency executives and investors said Monday that they’ve raised $78 million as part of a major new push to influence the 2024 elections.

The campaign, which has support from venture capital giant Andreessen Horowitz, U.S. crypto exchange Coinbase and Cameron and Tyler Winklevoss, marks of a revival of the digital asset industry’s political operations, following the downfall of crypto megadonor Sam Bankman-Fried.

The goal of the effort is to back candidates who support crypto-friendly policy at a moment when the industry is facing intense scrutiny from federal regulators….

Source: Crypto titans launch 2024 election play with $78M super PAC spend – POLITICO