Sputnik News US

📲💰Crypto executives and investors flush with digital wealth are assembling a big-money effort to elect a slate of crypto enthusiasts to Congress in this year’s midterm elections, the industry’s first significant foray into American politics.

Crypto interests are raising money for a super PAC that aims to spend $20 million promoting candidates friendly toward the sector. Coinbase, the largest U.S.-based crypto exchange, hosted a previously unreported fundraiser for Senate Majority Leader Charles E. Schumer (D-N.Y.) over a Zoom call last week.

Executives are organizing events for insiders to contribute to candidates in cryptocurrency. A

The sector has leaped more than tenfold in total market value since this point in the last election cycle two years ago, topping $2.1 trillion as of Wednesday.

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