US votes in midterms after crypto PACs spend about $170 million
Americans vote in the midterm elections on 3 November, with control of Congress shaping the outlook for stalled crypto market-structure legislation. CoinDesk tallied roughly $170 million spent by the three largest crypto super PACs, led by Fairshake and its affiliates at about $154 million, much of it directed at Republican candidates in recent weeks. Fairshake put nearly $56 million into opposing Democrat Sherrod Brown in Ohio's Senate race, while the Winklevoss-backed Digital Freedom Fund spent over $8 million across Ohio, Texas and Iowa this month.