A prominent cryptocurrency-focused super PAC is reportedly planning to spend $5 million to support U.S. Representative Barry Moore’s campaign for the Senate. This substantial financial commitment highlights the digital asset industry’s increasing efforts to shape the political landscape by backing candidates who favor a clear and supportive regulatory environment for cryptocurrencies. Moore, a member of the House Financial Services Committee, has demonstrated a track record of supporting pro-innovation legislation within the financial sector. The planned expenditure is expected to fund a major advertising push, including television spots and digital campaigns, to bolster Moore’s visibility in a competitive primary. This move is part of a broader trend where crypto-affiliated groups are leveraging significant capital to influence key congressional races across the United States.
Source: Crypto super PAC to spend $5M on Barry Moore’s Senate bid: Report
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